According to reports, Christian Horner allegedly stated that Red Bull’s automotive division has achieved financial independence for the first time in its history.
Christian Horner, the team principal of Red Bull Racing, has faced challenges in recent months. Following accusations of inappropriate behavior by a female employee, the 50-year-old was cleared of any wrongdoing. However, a leak of alleged evidence caused further controversy. Now, there are reports regarding Horner’s situation within Red Bull GmbH.
It is believed that the Austrian branch of Red Bull, owned by the late Dietrich Mateschitz’s son, has turned against Christian Horner. They were reportedly seeking to remove him from his position in light of the recent revelations. However, the support of majority shareholder Chalerm Yoovidhya from Thailand has allowed Horner to continue in his role.
Christian Horner has been the team principal of Red Bull Racing since 2005. However, after the passing of Dietrich Mateschitz, Horner allegedly lost control over the Milton Keynes division. In an attempt to regain control, he proposed separating the Red Bull automotive division from the rest of the company, which includes Red Bull Racing, Red Bull Powertrains, Red Bull Advanced Technologies, and VisaCashAppRB.
Horner reportedly emphasized that the entire automotive division of Red Bull has achieved financial independence without relying on support from the parent company. He claimed that Milton Keynes has become self-sufficient and no longer requires assistance from Austria, marking a significant milestone in its history.
These circumstances are believed to be the cause of tensions between Horner and the Austrian headquarters of Red Bull. However, unless further action is taken against him, the 50-year-old is expected to continue as the team principal in the coming weeks.
The value of Formula 1 teams has significantly increased in recent years, making them attractive investments. Mercedes Team Principal Toto Wolff owns a 33% stake in the Brackley-based team. Additionally, an investment group, which includes Hollywood figure and an NFL star, acquired a 24% share in Alpine.
Since taking over Jaguar, Christian Horner has led Red Bull Racing since its inception in 2005. He has played a crucial role in turning Milton Keynes into a championship-winning team over the years. Allegedly, Horner attempted to buy the F1 team from Chalerm Yoovidhya without informing the Austrian owners of Red Bull GmbH, but his efforts were unsuccessful.
Undoubtedly, Christian Horner has found himself in a challenging situation publicly. His relationships with the Austrian management of the parent company have also been strained. However, for the time being, Horner will remain in his role as the team principal. Fans will be eager to see how the situation unfolds at Milton Keynes in the coming weeks.