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Two rate cuts might not be enough, warns Wells Fargo’s Michael Schumacher

Ralf Schumacher has suggested that Red Bull will ‘sink into mediocrity’ within two seasons after claiming that the embattled constructor is ‘falling apart’ after a turbulent start to the 2024 season.

Formula One was rocked last week when news broke that chief technology officer Adrian Newey is reportedly considering moving away from the team, which he joined just a year after its debut in 2005.

Newey is widely considered the mastermind behind the constructor’s riotous success, which has seen the team’s star driver Max Verstappen claim three consecutive world championships since 2021, and the constructor win the championship in 2022 and 2023.

The legendary designer is contracted with Red Bull until the end of the 2025 season, and Newey has not yet publicly commented, but reports over the weekend suggested that the two parties held showdown talks to discuss his future.

READ MORE;MICK SCHUMACHER EXCITED FOR ‘CLEAN SLATE’ IN RACING RETURN WITH THE TEMPORARY….

The potential loss of Newey’s technical acumen would likely prove seismic for the team, which Schumacher – who previously called for team principal Christian Horner to resign – underscored on Monday.

The English-based team has been at the centre of swirling controversy in the wake of an internal investigation into the conduct of its principal Christian Horner – which, despite the husband of Geri Halliwell being cleared of the allegations, shows no sign of abating.

The female employee involved in the investigation has since launched an appeal into the verdict, and gave evidence to the newly appointed KC last week.

There has been no suggestion that the appeal is tied to Newey’s reported decision, but Schumacher claimed that blame for his looming exit should be levelled at Horner.

‘The sole responsibility for this lies with Christian Horner, who is holding onto power with all his might,’ Schumacher added.