Wait, What? Red Bull buys back full stake in Toro Rosso

Filed under: Motorsports, Earnings/Financials

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We wish we could understand how Dietrich Mateschitz thinks, but we just can't. After years of sponsoring F1 teams, the Red Bull chief decides to buy one outright. That wasn't enough, so he buys a second one. Then he sells half of that team to former F1 driver (and fellow Austrian) Gerhard Berger. Then he says he wants to sell it off altogether, but instead he buys it back.

And so comes the announcement today that Mateschitz has re-acquired full stake in his B-squad, Scuderia Toro Rosso, which proved itself better than the A-squad by outperforming it all year and even winning a race. For next season, STR's wunderkind Sebastian Vettel is moving up to the Red Bull Racing main squad to replace the retired David Coulthard. The announcement for Sebastien Buemi to join STR in Vettel's seat is expected soon. Unless Mateschitz decides to buy something else.

[Source: Autosport]

Wait, What? Red Bull buys back full stake in Toro Rosso originally appeared on Autoblog on Tue, 25 Nov 2008 17:59:00 EST. Please see our terms for use of feeds.

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