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Autosport
Autosport
Sport

The 2% Club – has there been a hidden power shift at Red Bull?

Christian Horner Red Bull Chaleo Yoovidhya Chalerm Yoovidhya Dietrich Mateschitz Christian Nimmervoll Red Bull GmbH F1 Red Bull F1 Red Bull Racing

Since news broke on Wednesday that Christian Horner is no longer Red Bull F1 team boss, documents have surfaced which several media outlets interpret as evidence that the balance of power within the company has shifted in recent weeks.

Specifically, the Austrian company register reveals two entries dated 28 and 31 May. The first is a filing for approval, the second confirms the execution of a transaction: the transfer of a 2% stake in Red Bull GmbH from Chalerm Yoovidhya to Fides Trustees SA, a trust company registered in Geneva.

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