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Porsche won't become a shareholder: Red Bull confirms F1 deal off
short by Aditya Nair / on Tuesday, 6 September, 2022
Red Bull F1 advisor Helmut Marko revealed the team's talks for a deal with Porsche have collapsed. Rumours claimed Porsche was looking to enter F1 in 2026 by buying a 50% stake in Red Bull and becoming an engine manufacturer. The deal broke down as Porsche reportedly wanted a greater say in the team and Red Bull upped their price.
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