Porsche Will Reportedly Buy a 50-Percent Stake in Red Bull Racing

Porsche has made its intentions to join Formula 1 clear, and now we have a much better idea of what it'll look like. According to documents discovered by Motorsport.com, Porsche intends to buy a 50 percent stake in Red Bull Racing. Porsche and Red Bull will sign a 10-year deal, set to be formally announced on August 4th.

The document revealing this was posted by Morocco's anti-trust body, the Conseil de la concurrence. As Motorsport.com notes, Porsche and Red Bull are required to get permission various anti-trust organizations around the world before a deal can be done.