Since news broke on Wednesday of Christian Horner’s departure as Red Bull F1 team boss, documents have emerged indicating a shift in power dynamics within the company.
Recent entries in the Austrian company register reveal a transfer of a 2% stake in Red Bull GmbH from Chalerm Yoovidhya to Fides Trustees SA, sparking speculation about the reasons behind Horner’s exit.
The original founders of Red Bull GmbH, Chaleo Yoovidhya and Dietrich Mateschitz, initially held 49% of the shares each, with the remaining 2% owned by Chalerm Yoovidhya.
Following Mateschitz’s passing in 2022, a new management structure was implemented, indicating a change in control within the company.
The transfer of Yoovidhya’s stake to a Swiss trust has raised questions about the ownership and decision-making power within Red Bull GmbH moving forward.
While the specifics of this transaction and its implications remain unclear, the move has prompted discussions about the future direction of Red Bull Racing under new leadership.
