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Amid controversy over Red Bull’s ownership of two Formula 1 teams, Mercedes CEO Toto Wolff has stated that the sport owes the Milton Keynes outfit a lot.
Mercedes Team Principal Toto Wolff acknowledged Formula 1’s debt to Red Bull amidst the controversy surrounding the team’s ownership of two squads. The recent unrest over Red Bull’s close ties with sister team RB has led McLaren CEO Zak Brown to express dissatisfaction and call for regulatory changes to ensure more independence among constructors. Wolff noted that Red Bull’s significant contributions to F1, such as financing a second team, their junior program, and brand value, make them unique among smaller teams. While McLaren opposes Red Bull’s structure, Ferrari has defended the Milton Keynes-based squad’s operations. Wolff emphasized the need to assess regulations and ensure a balance between collaboration and independence among teams to create a level playing field for all constructors in the future.
