Welcome at RacingNews365

Become part of the largest racing community in the United Kingdom. Create your free account now!

  • Share your thoughts and opinions about F1
  • Win fantastic prizes
  • Get access to our premium content
  • Take advantage of more exclusive benefits
Sign in

FIA President meets with Porsche CEO amid Red Bull speculation

The meeting comes as Porsche, along with fellow Volkswagen-owned brand Audi, look to join the F1 grid for the 2026 season.

FIA President Mohammed Ben Sulayem has met with Porsche CEO Oliver Blume to discuss, amongst other topics, the car brand's future commitment to motorsport. Volkswagen Group have plans to enter F1 in 2026 - when a new engine formula is set to come into play - with their premium Porsche and Audi brands. Red Bull have been heavily linked with a Porsche partnership, described as "logical" by Christian Horner , while Audi are said to be looking to acquire a team of their own. VW Group are in the final stages of evaluation over their F1 plans, as they seek assurances regarding the direction in which F1 will go with its 2026 engine formula. A meeting between Ben Sulayem and Blume comes with talks ongoing between VW and the FIA.

1526229914046894082

With @Porsche CEO Oliver Blume in Stuttgart 🇩🇪 today, talking about the iconic firm's current and future commitment to motor sport @PorscheRaces pic.twitter.com/TjCQcCiPEF — Mohammed Ben Sulayem (@Ben_Sulayem) May 16, 2022

Unclear how Porsche and Audi will enter F1

Despite much speculation, it remains unclear exactly how Porsche and Audi will enter F1. Should either brand arrive as an entirely new entry, there is conflict expected between teams, with some unwilling to see the prize fund diluted further. Under the current Concorde Agreement, new teams need to pay a $200 million entry fee to compensate their rivals for the prize fund being sliced into smaller portions. Audi could well go down the aforementioned route by acquiring a current team, such as Sauber, but Porsche have been tipped to enter as an engine partner.

x
RESULTS 2024 F1 Bahrain Grand Prix