Red Bull team principal Christian Horner believes German automotive producer Porsche were “getting a little bit ahead of themselves” as the Stuttgart-based company wanted to acquire 50% of Red Bull Technology as a part of their deal which would see Porsche provide the F1 Championship leaders with engines from 2026.
Porsche announced on Friday morning ahead of the Italian Grand Prix that their discussions with Red Bull regarding a partnership for the 2026 season had come to an end.
For a while, it seemed all but confirmed that Porsche would be returning to motorsport’s top tier as an engine manufacturer. However, it emerged that Porsche set their sights on owning 50% of Red Bull Technology, the holding company for Red Bull Racing.
A leaked document that was filed in Morrocco to pass anti-cartel regulations showed Porsche’s intent of owning 50% despite not having reached a deal with Red Bull yet.
“The premise was always that a partnership would be based on an equal footing, which would include not only an engine partnership but also the team,” said Horner to The Race.
This could not be achieved.
“Big organisations, obviously they need significant planning and I think perhaps they were slightly getting a little bit ahead of themselves.
“But there was never a binding commitment signed between the parties.
That must have been subjective on their part.”
Porsche’s poor timing
Red Bull wanted to make it clear that they want to remain independent and not be owned by a car manufacturer.
“One of our core strengths has been our independence and our quick decision-making and lack of bureaucracy,” said the Red Bull team principal.
“We are a race team fundamentally and that enables us to make quick decisions, effective decisions, and react very quickly as a race team.
“We’ve seen on so many occasions manufacturers have been less autonomous in their decision-making.
“And that was a key aspect of protecting what we have and how we operate.”
When asked if Red Bull will one day sell 50% of Red Bull Racing, Horner said that decision is the responsibility of the shareholders.
“Well, obviously there was an expression of interest,” he said.
“The shareholders obviously considered it and decided that wasn’t right for Red Bull Racing, Red Bull Technology or Red Bull Powertrains.”
Red Bull will be looking to continue to their fine form this weekend in Monza to spoil Ferrari’s home Grand Prix as Max Verstappen looks for five consecutive wins in the 2022 season.
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