Red Bull’s second F1 team could change hands for a hefty sum
In a surprising twist in the Formula 1 saga, the energy drink behemoth Red Bull is contemplating the sale of its secondary Formula 1 squad, now operating under the moniker Visa Cash App RB. This move comes amid a palpable tension between Red Bull’s Austrian and Thai shareholders, casting a shadow of uncertainty over the team formerly known as Toro Rosso and Alpha Tauri.
Helmut Marko, a key figure aligned with the Austrian faction, revealed to the Osterreich newspaper, “There are a lot of interested parties.” He further clarified, “Ultimately it’s a shareholder decision,” highlighting the complexities of internal dynamics. Marko didn’t shy away from noting, “The price is high for a team, but nothing has been decided yet,” indicating a significant valuation but an open-ended conclusion. Meanwhile, in the buzzing environment of the Suzuka circuit, whispers of Haas F1 Team’s potential buyout added another layer of intrigue, suggesting a market eager for investments in the sport’s smaller entities.
Ralf Schumacher, not one to mince his words, especially given his critical stance towards Haas following his nephew Mick’s stint, openly discouraged Nico Hulkenberg from renewing his ties with Haas for the 2025 season. His advice stemmed from his perception of Haas as a commendable team with a future that seemed uncertain due to its current operational ethos and structure, “certainly not” conducive to long-term planning according to Schumacher. “It’s certainly a great team and everything will get better there, but the structure is not geared towards the future and is not looking towards the future either,” he articulated to Sky Deutschland, adding a layer of complexity to the ongoing narrative about Haas’s direction. He lamented the lack of investments, attributing it to Gene Haas’s divergent priorities, “Investments are pending, but they are not being made because Gene Haas has other ideas. I understand that.”
Schumacher further mentioned, “It’s currently a nice small team for newcomers like Oliver Bearman,” acknowledging the team’s potential in nurturing new talent. Yet, he cautioned, “but they still have to get used to working with young drivers. They have work to do on that,” highlighting areas needing improvement. As the 2024 season unfolds, both Red Bull’s secondary team and Haas have emerged as notable competitors, vying for the title of ‘best of the rest’ behind the leading five teams. This achievement underscores their potential value and strategic importance in the Formula 1 hierarchy. Haas’s Kevin Magnussen shared at Suzuka, “We’ll put some upgrades on the car soon that will hopefully help us fight Alpha Tauri or whatever they’re called.”