Red Bull Says No to Abu Dhabi-Backed Racing Bulls Bid

Red Bull Rejects Astonishing Billion-Dollar Bid for Racing Bulls F1 Team

Red Bull has officially shut the door on what would have been one of the most lucrative team acquisitions in modern Formula 1 history. According to a new report from The Times, the energy drinks giant has rejected a staggering $3 billion bid for its sister squad, the Racing Bulls. The monumental offer was reportedly backed by highly capitalized Abu Dhabi-based investment funds and spearheaded by two notable figures in the F1 financial sphere: fi…

Formula 1 Rumor: Red Bull says no to $3 billion offer to buy Racing Bulls

(GMM) Red Bull has reportedly rejected an offer worth up to $3 billion for its second Formula 1 team Racing Bulls. “Red Bull spurns $3bn Abu Dhabi-backed bid for Racing … Read More The post Formula 1 Rumor: Red Bull says no to $3 billion offer to buy Racing Bulls appeared first on AutoRacing1.com.

Red Bull says no to Abu Dhabi-backed Racing Bulls bid

Jul.20 Red Bull has reportedly rejected an offer worth up to $3 billion for its second Formula 1 team Racing Bulls. 'Red Bull spurns $3bn Abu Dhabi-backed bid for Racing Bulls F1 team,' The Times reported. According to the British newspaper, the approach was led by US-based investor Dean Attew and financier Andrew Herriot, with backing from...