Red Bull has rejected a takeover bid of nearly two billion euros for its Formula 1 sister team, Racing Bulls.
According to Saward, Red Bull receives a bid for Racing Bulls approximately every month. The nearly two billion euro offer is the highest so far, but the parent company continues to decline. Red Bull’s advisor, Helmut Marko, asserts that there is no intention to sell the team in the future. He points to the recent progress of the talent team, both in technical and driver areas.
The interest in Racing Bulls should be seen against the backdrop of a sport that is flourishing. Investors are increasingly willing to put substantial amounts on the table for F1 teams, partly due to the growing revenues for the sport and its worldwide popularity. Racing Bulls is seen as a valuable asset, partly because of its parent company Red Bull, the infrastructure, and the training program.
For now, everything remains the same. Red Bull is sticking to both its main team (Red Bull Racing) and its sister team. This strategy is part of their long-term vision, where the development of young talent for Red Bull’s top team is a priority.
