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Leagues and Governing Bodies

Formula 1 CEO Says Red Bull's Future Now 'Sorted,' Denies Company Will Withdraw

Red Bull's future in F1 is now "sorted," according to CEO Bernie Ecclestone, "who is adamant the company will not be withdrawing" at the end of the '15 season, according to Rencken & Freeman of AUTOSPORT. Senior figures from Red Bull, including Owner Dietrich Mateschitz, "have made repeated threats to pull both of its teams out of F1" if it cannot find competitive engines for Red Bull Racing and Toro Rosso. Red Bull reopened talks with Renault over the Russian Grand Prix weekend, following "what appeared to be a terminal breakdown in its relationship with the French manufacturer during a second tough season for the partnership." Ecclestone admits he felt the possibility of Red Bull leaving "was legitimate, but he believes the matter has now been resolved." When asked if he thought Red Bull would pull out, Ecclestone said, "I think now, with what's happened, no. But before, I thought yes." Asked to "clarify what had happened to make him so confident," Ecclestone added, "Things are sorted." Ecclestone also confirmed that Red Bull's long-term commitment to F1 "means contracts are in place that would prove costly to break." He said, "Look, if he [Mateschitz] says he's leaving and he leaves, he knows it's going to be very expensive" (AUTOSPORT, 10/15).

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