Red Bull have today announced that Adrian Newey has infact signed a new deal with them after mounting speculation that Ferrari were trying to entice him to work for the prancing horse, reportedly worth around £20 million per year.
The release in full:
Adrian has already alluded to his disdain for the regulations that prohibit Formula One this season and so for me it is of no surprise that he is looking for new challenges. Already linked heavily with building an America's cup vessel and eager to work on other projects outside Formula One, Newey's involvement in the Formula One team will clearly be lessened. It's a shrewd move indeed by Red Bull allowing Adrian the time, space and resources to follow his other ambitions, taking him off the market and out of the grasps of other teams eager to align with his expertise.
Adrian's decision comes off the back of a relatively poor start to 2014 but that's in comparison to 4 consecutive championship winning seasons and so they're still not in bad shape, with most of their performance deficit down to the ailing Renault powerunits. It also aligns with the loss of Peter Prodromou to McLaren and the inevitably reshuffle of the pack (including Dan Fallow's return to Red Bull and the ensuing fall-out with McLaren). Adrian, has undoubtedly been a pivotal figure in Red Bull's rise, with no other Technical Director able to eclipse his credentials but he is just the cement in a well built wall. Others largely out of the limelight have to come together to achieve the success that the Red Bull team have enjoyed over the last 4 seasons and so the right person could continue his good work.