Red Bull rejected a proposal to sell Racing Bulls.
The Austrian company Red Bull, which owns two Formula 1 teams – Red Bull Racing and Racing Bulls, received an offer from a consortium of investors to buy the "junior" team for $2.3 billion. Similar offers have been made to Haas and Alpine, but the teams' owners are rejecting them.
"The value of Formula 1 teams is rising rapidly, so their owners receive many offers from investment groups prepared to part with huge sums to be among the participants in the championship," writes British journalist Joe Savar, who is knowledgeable about Formula 1 business affairs. "To date the most striking example is the willingness of insurance magnate Mark Walter [founder of TWG Global] to invest at least $1 billion in a new Formula 1 team that is being positioned as Cadillac. He sees that owning a team offers the opportunity to multiply the invested funds many times over.
"I have reliable information that Red Bull recently turned down an investors' group's offer to sell Racing Bulls for $2.3 billion. The Austrian drinks company receives roughly one offer per month. The previous offer of $2 billion was made to them in August.
"The same story applies to Haas and Alpine, but Gene Haas and the Renault company do not want to part with their shares.
"Some teams still do not make a profit because they continue to invest and develop. According to Williams' latest financial reports, the team lost $67.5 million in 2024, although revenue for the year grew by 25%.
"On paper McLaren is the most valuable Formula 1 team, since part of its shares recently changed owners and the entire team was valued at $4.1 billion."
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Red Bull rejected a proposal to sell Racing Bulls.
The Austrian company Red Bull, which owns two Formula 1 teams — Red Bull Racing and Racing Bulls — received an offer from a consortium of investors to buy the "junior" team for $2.3 billion.