Breaking: Red Bull and Aston Martin will part ways at the end of 2020
Breaking News
Aston Martin have announced that they will not extend their contract with Red Bull Racing at the end of the 2020 season. The partnership has been successful but the Formula 1 team are releasing Aston Martin from its Formula One exclusivity clause.
A statement from the official Red Bull website stated:
"Red Bull Racing has agreed to release Aston Martin from its Formula One exclusivity clause which in turn has allowed it to generate the necessary investment required to re-finance and pursue alternative opportunities within the sport.
"We thank Aston Martin for their support over the past four years in which time we have achieved 12 wins, 50 podiums and six pole positions together. We wish Aston Martin’s employees and shareholders all the best for the future and our focus remains on working together throughout the 2020 season and ending our partnership on a high."
Reports suggest that Aston Martin will switch teams and will become part of the Racing Point outlet in 2021 after Lawrence Stroll signed a contract with the British company.
Motorsport.com believes that Stroll has bought a 16.7% stake in Aston Martin for £182 million.
Aston Martin and Red Bull Racing will continue working with each other on the Valkyrie hypercar and will continue the partnership until the cars are delivered.