The first details of Porsche's expected 50% buy-in of the Red Bull F1 team have now been revealed. Here's the story so far ⬇️
Despite the lack of any official press release announcing that the long-rumoured partnership between the German manufacturer and the Milton Keynes-based F1 squad is go, formal processes have begun to ensure that the tie-up does not hit a snag.
As well as this needing to be done in the European Union, it also required applications to be lodged in more than 20 countries outside the EU. The process to get the green light has required Porsche and Red Bull to reveal details of their tie-up, which have now been published in Morocco by the Conseil de la Concurrence.
The revealing of the details by authorities, even before the announcement has been made public, has partly been triggered by delays in a formal green light from Porsche for its F1 return.
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