The Golden Moment of Racing Bulls
In the last GPs of this season, Racing Bulls has made its mark with results of absolute importance, characterized by four consecutive races finished with both drivers in the points. Double top-10 finishes, along with other placings, have allowed the Faenza-based team, heir to Minardi, to reach Alpine in fifth place in the Constructors’ standings. The ‘junior sister’ of Red Bull has therefore aroused great interest among fans and investors worldwide, including American Andrew Herriot.
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The Rejected Offer
According to reports from The Times, the latter reportedly proposed to Red Bull an offer of 3 billion dollars for the acquisition of the team on behalf of an Abu Dhabi-based financial fund. A very rich proposal, never so high for a mid-table team like Racing Bulls (despite previous attempts to acquire Racing Bulls), with the plan also including Dean Attew, former Red Bull consultant and key figure in the sale of Formula 1 to Liberty Media. However, Red Bull’s response was blunt: “No”.
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The Reasons
The offer, again according to The Times, did not convince the Red Bull CEO Oliver Mintzlaff, but not for economic reasons. Historically, Racing Bulls has always been the team that allowed young talents from the Milton Keynes team to debut and grow in F1, then make the leap in quality in F1, eventually winning races or world titles as in the case of Sebastian Vettel and Max Verstappen. In addition to its ‘junior’ role for Red Bull talents, Racing Bulls also represents a great advantage for the Anglo-Austrian house compared to its rivals, as it can count on a junior sister for the development of its single-seaters.
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