Porsche’s plans to buy 50% of Red Bull F1 Racing Team detailed in public document | News, Scores, Highlights, Stats & Rumors

Porsche reportedly plans to buy a 50% stake in Red Bull’s Formula 1 operation, per Laurence Edmondson from ESPN.

Morocco’s Competition Council has published a document containing the car company’s plans.

Red Bull confirmed ongoing talks for Porsche to join the company by 2026, but denied anything had been finalised.

“Following speculation that has been reported about a potential future involvement of Porsche with Red Bull Powertrains and the Red Bull Formula 1 team. As previously reported, the companies remain engaged in constructive discussions,” Red said. Bull in a statement to ESPN.

“We all look forward to the satisfactory finalization of the various FIA sporting, financial and technical regulations for 2026.”

Red Bull engines have been produced by Honda since 2019 before withdrawing from F1 at the end of the 2021 season. Red Bull established its own powertrain division last year and planned to build its own engines by 2026 , although it can now offer a partnership with Porsche.

Porsche has not been involved in F1 as a manufacturer since 1964.

Red Bull Racing, meanwhile, have become one of the most successful teams in the sport and currently lead the manufacturer classification for the 2022 season. Max Verstappen is in first place in the driver ranking as he seeks his second consecutive title while his Red Bull teammate Sergio Perez is currently third.

The team are looking to end an eight-year streak of constructors’ championships by German manufacturer Mercedes, led by superstar Lewis Hamilton.

Porsche, also based in Germany, could help further strengthen the rivalry that has dominated Formula 1 for more than a decade.