News continues to trickle in about the pending departure of Red Bull from NASCAR at the end of the 2011 season. Following the breaking news story posted this morning by The Associated Press, the team has released the following statement:
Red Bull Racing Team is currently seeking outside investors as we evaluate next steps in the NASCAR Sprint Cup Series. We are not at liberty to comment on details while negotiations are under way. Red Bull fully supports NASCAR and will continue its investment in America's premier form of motorsports for the remainder of the 2011 season. The team's focus will not waiver as we fight for victories and a position in the 2011 Chase for the Sprint Cup.
The statement does little to answer many of the questions that linger about Monday’s breaking news, while raising a host of other questions.
There is sure to be many more developments to this developing story over the next days and weeks, so check back as we keep you abreast on all that is going on with the departure of Red Bull from NASCAR.