Why Red Bull and Porsche’s F1 green light has been delayed again

The two parties are set to enter a partnership under the next generation of power unit rules after the Volkswagen Group advisory board gave the nod for Porsche and its sister brand, Audi, to explore entering F1 earlier this year.

The deal will see Porsche take a 50% stake in Red Bull’s F1 operation, as confirmed in legal paperwork that emerged in Morocco towards the end of last month.

The documents also claimed the deal could be announced as early as today, 4th August, but…