Red Bull insist Newey not retiring 9 June, 2014 4 Adrian Newey Red Bull insist that Adrian Newey is not retiring, in the wake of reported huge-money poaching efforts by Ferrari, Mercedes and McLaren. During the Canadian GP weekend the world champion team announced that Newey has agreed a new “multi-year” deal, but Red Bull also said that 55-year-old Newey will be working on “new Red Bull Technology projects”, while merely “advising and mentoring” the Formula 1 team “as it develops its Formula 1 cars over the next few seasons”. Interviews given by Newey in the hours before Sunday’s Canadian Grand Prix made it sound as though the Briton is stepping away from Formula 1. Indeed, Red Bull’s Helmut Marko admits that Newey is “disappointed” at the state of today’s Formula 1, where unbridled technical inspiration has become a thing of the past. “One must understand that whatever he has done has been banned or restricted by the rulemakers shortly thereafter,” he lamented. “The technical rules have clearly restricted his work, which has frustrated him, but instead of losing him, we have found this solution. “Newey will remain active with Red Bull Racing for another year,” Marko told Germany’s Sky, but at the same time he will be fronting what Marko referred to as the new ‘Advanced Technology Centre’. How Newey will split has time has “not yet been fully defined”, Marko admits, “but Adrian’s genius and incredible wealth of experience will still be available to the team.” (GMM) Content on GrandPrix247.com by: staff & contributors, Reuters syndication, GMM service, Getty Images, Formula 1 teams, sponsors & organisations.