Formula One Phenom’s Bold Move: Acquiring Ownership in Red Bull Racing

Formula One Phenom's Bold Move: Acquiring Ownership in Red Bull Racing

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F1 star becomes part-owner of Red Bull motorsport team

F1 driver Pierre Gasly is set to become part-owner of a Red Bull-backed team in a different racing series, despite his recent stint with Alpine. Gasly previously raced for Red Bull in 2019 and was demoted to Toro Rosso before moving to Alpine. He is now investing in the Red Bull KTM Tech3 team in MotoGP along with other investors including David Blitzer and Paul Wachter. The team will see former Haas team principal Guenther Steiner take over as CEO. MotoGP is undergoing changes as Liberty Media, majority owners of F1, completed a $4.2 billion takeover of Dorna Sports last year. The series is seeking growth under new ownership, with a caution to differentiate strategies from F1.

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