Oliver Blume, executive director of Porsche, recently revealed that there was even a ‘handshake’ between the two sides and he took the opportunity to jab at Red Bull
THE Porsche had high expectations in addition to the deal with the Red Bullto finally enter the Formula 1🇧🇷 But the negotiations failed. The German brand belonging to the Volkswagen Group announced in September that the two companies were pulling out of the partnership starting with the 2026 season.
The reason, according to the statement released by Porsche, was the resistance of the base in Milton Keynes relinquishing half control of the team. The Germans have said since the beginning of the negotiations that the interest is that the partnership is “on an equal footing”, which would mean for Porsche not only being the engine manufacturer, but also owning 50% of Red Bull.
Oliver BlumPorsche’s executive director recently revealed that there was even a ‘handshake’ between the two sides, before the deal went down the drain.
“The negotiations went very well, a participation in the team was agreed in a handshake, but it wasn’t finalized at the last minute,” he said in an interview with German website Speedweek.🇧🇷 “We wanted to be an equal partner. Everyone has to decide for himself whether he wants to sell shares. That’s fine with us. We act fairly,” he added.
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“Let’s see what happens in the future and what will be attractive. We have a great schedule [no automobilismo] forward and we look forward to it,” he concluded.
When the close of trading was announced, Christian Horner, head of Red Bull, said the German manufacturer’s design “didn’t fit” with the bulls’ DNA. “Obviously, with Red Bull becoming an engine manufacturer in 2026, having these conversations has always been a natural thing,” the Englishman told Autosport. “These discussions have concluded and we have reached a consensus that it was not right to be involved with Red Bull in F1,” he commented.
“We committed to becoming an engine manufacturer about a year and a half ago. We invested heavily in facilities and people, and the first Red Bull engine was fired a month ago. So it’s an incredibly exciting chapter for us, and it’s not never been employed by a third party or an original equipment manufacturer (OEM). It certainly was never a prerequisite,” Horner continued.
Porsche remains focused on finding a partnership to make the F1 business possible in 2026. However, it makes it clear: it also wants to be in the category by running a team.
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Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
