Formula One news
Red Bull buys back Toro Rosso stake
25 November 2008Red Bull has bought back the 50 per cent stake of Scuderia Toro Rosso held by Gerhard Berger, the energy drink company confirmed today.
|
|
Berger bought half of the team from Red Bull founder Dietrich Mateschitz in 2006 while his compatriot acquired a similar stake in Berger's haulage business. Mateschitz will keep a high stake in Berger's family business.
The move to buy back the remaining 50 per cent of Toro Rosso is a marked departure for Red Bull from rumours earlier in 2008, before the team's win at Monza, that it was looking to off-load its own stake.
"Red Bull will now run Toro Rosso alon," Mateschitz said. "As well as remaining a partner of Berger Logistik."
The deal is subject to approval by competition authorities, but is expected to go through without problem.
more news
- 24 Nov.
- 23 Nov.
- GPUpdate TV: Sam Michael - building on 2009
- Theissen waiting on entry decision
- Mercedes delighted with Rosberg confirmation
- Confirmed: Rosberg to Mercedes for 2010
- Manor hoping to run in late January
- Mercedes poised to announce first driver
- Kobayashi: I expected to be re-signed
- Nakajima future in Toyota's hands
- Klien still hoping for 2010 seat
- McLaren line-up will work, says Ecclestone
- López: USF1 deal coming next week
- 22 Nov.
- 21 Nov.
- 20 Nov.
- FIA was using new teams, says Lola
- Rossi and Newey to contest endurance race
- Wolff: Worth of privateers on the up
- Equity sale for 'private motives' - Williams
- USF1 considering 12 drivers
- Photos: SKUSA karting event, Las Vegas
- Buemi and Schumacher to kart in Las Vegas
- Clock ticking for Silverstone
- Williams sells first shares
- Official: Bianchi handed Ferrari test
- My door is open, says Trulli
- Button: I needed a new challenge
- 19 Nov.
- 18 Nov.
more news
Test Schedule
| 04 Dec. | 
Jerez |
 |
| 03 Dec. |
Jerez |
|
| 02 Dec. |
Jerez |
|
| 01 Dec. |
Jerez |
|
| full overview | ||
|---|---|---|