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Former Ferrari Alliance Prepares for $600 Million Tag as Audi F1 Entry Reaches Final Stages

Published 07/08/2022, 6:19 AM EDT

The rumors are all but confirmed with no official announcement, but Audi and Porsche will become part of F1. The two German giants will become join the traveling circus as part of existing teams. However, the transition to the sport won’t be complete before FIA announces the 2026 technical regulations.

They will be similar to the technical regulations of 2022, which have made the lives of a few teams on the grid difficult. However, as FIA announces the 2026 regulations, the two Volkswagen group entities continue their work. As reported by Joe Saward, a British journalist, Audi will take over an existing team.

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The existing team is Alfa Romeo under the Sauber umbrella, however, the entire deal is conditional. In his blog, Saward writes, “The whisper is that the [Audi Sauber] deal is worth around $450 million and will see Audi acquiring 75 percent of the shares in the team, valuing it at $600 million.”

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Audi and Porsche have both confirmed they have started developing engines for the F1 project. Volkswagen’s CEO Herbert Diess confirmed the entries of both brands into the world of F1. However, as the details emerge, Porsche’s plans are more certain compared to Audi’s at the moment.

Although, the CEO has confirmed one aspect that will be synonymous with both brands after their entry.

Audi and Porsche will promote Germans in F1

Diess wants to promote German drivers and F1 in Germany by bringing the Grand Prix back to the country. And after their incorporation into the sport, this will be one of Audi and Porsche’s agendas. Currently, only Sebastian Vettel and Mick Schumacher, are the only two Germans on the grid. However, Diess plans to further increase the influence in the sport with the help of the two teams.

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“Of course, it is always the case that a driver from the right country can be very successful there and Formula 1 becomes very popular. I assume we will try to employ German drivers in our two teams for sure,” Diess said.

He added, “It helps in the home country, and I also know of plans that we will have a Grand Prix in Germany again, which should then also revive Formula 1 in Germany once more.”

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2026 is still a long way away from now and the deals are still conditional. However, if everything goes according to plan, we can see new teams and drivers on the grid. An exciting prospect!

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Written by:

Mahim Suhalka is an F1 Author at EssentiallySports. This Sports Management post-graduate is an ardent supporter of the Mercedes AMG Petronas F1 team and their lead driver, Lewis Hamilton. The fact that Lewis dominated one of the most expensive sports in the world for all these years, despite his humble beginnings, has been a huge inspiration for Mahim and has made him a tenured fan of the competitive sport itself.

Edited by:

Ranvijay Singh

Former Ferrari Alliance Prepares for $600 Million Tag as Audi F1 Entry Reaches Final Stages

Audi and Porsche will promote Germans in F1

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