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

Red Bull has turned down a substantial offer of up to $3 billion for its second Formula 1 team, Racing Bulls, which is backed by investors from Abu Dhabi. The bid was led by Dean Attew and Andrew Herriot, but neither party has confirmed the details of the offer or its rejection publicly.

Racing Bulls plays a crucial role in Red Bull's strategy to nurture young talent in Formula 1. Notable drivers like Max Verstappen and Isack Hadjar have previously been part of the team, and the current lineup for 2026 includes Liam Lawson and Arvid Lindblad. Red Bull has also rejected earlier offers in the range of $2 billion to $2.3 billion for the team.