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Red Bull's owner looking to buy F1?

2015-03-30 08:09

F1'S FUTURE OWNER? German news media report that Dietrich Mateschitz could take over CVC as F1's main shareholder, an idea welcomed by Bernie Ecclestone. Image: AP / Thomas Lam

LONDON, England - Bernie Ecclestone has welcomed reports Red Bull might be considering buying Formula 1.

Some publications speculated there was more than met the eye to the former F1 champion team's mischief-making in 2015, including bemoaning Mercedes' dominance, criticising rules that were "killing" the sport, and threatening to quit.

Publications - among them Auto Motor and Sport, Blick and Osterreich - reported rumours that Red Bull mogul and billionaire Dietrich Mateschitz was looking to sell Red Bull Racing and Toro Rosso and "take over from CVC as the main shareholder of F1".


Ecclestone told reporters in Malaysia: "I would be delighted. CVC would be as well. Its business is buying and selling companies so if somebody comes along with a good offer then I'm sure they'd sell. They'd have to."

Christian Horner, an ally of Ecclestone and team boss of the Red Bull team, said on Friday (March 27): "I mean, Red Bull doesn't run F1. Red Bull promotes events, it promotes championships, and has done so successfully."

He had been asked by a journalist in Sepang what Red Bull would do to change F1 if it did promote the sport. Horner thought the sporting and technical rules "are driving costs far too high".

"To get costs under control needs a fundamental look at what F1 is and what F1 needs to be in the future."

Stay with Wheels24 for the 2015 F1 season – fresh reports every day.


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