Formula 1

Audi Raise Stakes In McLaren F1 Bid

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The Volkswagen Group’s interest in Formula 1 seems to be getting more and more serious. Rumours are coming more frequent that Audi are planning to be part of F1 and after it came out last week that Volkswagen Group is going to agree to the entry of the brand, Audi is already taking an extra step and increasing its bid for McLaren’s F1 team.

Audi has increased its offer to grab a stake in McLaren’s F1 from €450 million ($497 million) to €650 million ($719 million) according to a report in German news media attempting its successful bid into F1.

What Does McLaren Say?

The British Team of McLaren have uncategorically denied the initial story that appeared last year suggesting it was about to be bought out by Audi, McLaren Racing boss Zak Brown insisted his company was not for sale or looking for equity partners, though he admitted that Audi and McLaren had met for talks.

But that rumours just won’t go way and Automobilwoche is adamant claiming that the VW premium band has upped its offer to McLaren by almost 45%. Audi expect to sign a letter of intent in the coming days and VW’s supervisory board will meet to discuss the deal later this month, according to an Automobilwoche story cited by Bloomberg.

Having already made names for themselves on the competition stage in rallying, sports cars and endurance racing, Audi are looking to add some F1 silverware to their trophy cabinets, and Reuters recently reported the the VW Group chiefs had okayed the brands’ expansion into open-wheel racing’s big league.

Would you like to see Audi as part of F1? Will the German giants succeed in their attempt to join McLaren?.

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James Rees is host of ReesTalks Podcast and a Football, F1 and MMA writer, who strives to bring you the best content aswel as bringing you interviews with some of the sports top stars.