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Adrian Newey signs new long-term contract with Red Bull

Jun 8, 2014, 10:41 AM EDT

Spanish F1 Grand Prix - Practice Getty Images

Adrian Newey has signed a new long-term contract with Red Bull Racing, putting an end to speculation linking him with a move away from the team.

The 55-year-old is widely considered to be one of the greatest technical minds in the history of the sport, and much of Red Bull’s success over the past five years has been attributed to him. However, recent stories in the paddock have linked him with a big-money move to Ferrari, who identified him as the perfect person to revive the team’s fortunes after six years without a world title.

Despite Newey reinforcing his commitment to Red Bull a number of times, the rumors refused to dissipate, but now the team has put an end to the stories with this announcement.

“Red Bull is pleased to confirm that it has extended its successful relationship with Adrian Newey with a new multi-year agreement,” a statement from the team read.

“As part of this new agreement, Adrian will work on new Red Bull Technology projects, as well as advising and mentoring Infiniti Red Bull Racing as it develops its Formula 1 cars over the next few seasons. The details of the new projects will be announced in due course.”

With Newey working on these technology projects, it appears that his role may become more akin to that of an advisor at Red Bull, and perhaps less hands on than he currently is as Chief Technical Officer.

Since joining the team in 2006, he has masterminded its four drivers’ and constructors’ titles since 2010, and is highly sought after in the F1 paddock. The stories linking him with a move to Ferrari first emerged over the Spanish Grand Prix weekend, with the Italian team thought to be willing to offer him a huge wage increase in order to lure him to Maranello.

Ferrari has been in something of a rut in recent years, failing to win a world title since its constructors’ success in 2008. Former team principal Stefano Domenicali resigned back in April, and was replaced by Marco Mattiacci, the marque’s former North America CEO. It was thought that his plan for restructuring the team centered around Newey, but he too denied that an approach had been made.

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