Red Bull open to selling Formula 1 team

Red Bull co-founder Dietrich Mateschitz bought Minardi and rebranded the side as Toro Rosso in 2006.

2022 was an incredibly mixed year for the Red Bull family in Formula 1, with the official Red Bull outfit having enjoyed considerable success, following the team’s first Constructors’ Championship since 2013 and Max Verstappen’s second consecutive Drivers’ Championship.

Whilst the team were also able to celebrate their 17 victories in 2022, the main side endured some difficulties, all of which occurred towards the end of the season.

The Austrians were, of course, deemed guilty by the FIA for having breached the 2021 budget cap, something which resulted in a fine of $7 million and a 10-percent reduction in permitted aerodynamic research.

This was all made public at virtually the same time as Red Bull co-founder Dietrich Mateschitz’s tragic death, following a bout of illness.

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His death caused understandable heartache amongst the energy drink company and Formula 1, with him having played a huge role in the modern history of motorsport.

He famously introduced the Red Bull junior academy, something which has seen the likes of Sebastian Vettel, Daniel Ricciardo, Carlos Sainz and, of course, Verstappen break into F1.

Most Red Bull drivers were introduced into the championship through AlphaTauri, the team formerly known as Toro Rosso.

Up until 2005 this was the Minardi outfit, until Mateschitz bought the team, and rebranded them as Toro Rosso for 2006, also known as the Red Bull sister team.

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It has commonly been a team for young Red Bull drivers to develop, before moving into the main Austrian side or going elsewhere.

AlphaTauri, though, endured a terrible 2022 campaign, with the side having slumped to ninth in the Constructors’ Championship.

With that in mind, the future of the team is being considered by new Red Bull F1 CEO Oliver Mintzlaff, who held a meeting with Red Bull advisor Dr Helmut Marko, who admitted that the pair “are analysing everything”.

“It was not the first time we spoke, but it was the first conversation about the future and how we want to approach it,” Marko explained to Austrian publication Kleine Zeitung.

“We have the same base in mind and he has again learned a lot about the team.

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“We are analysing everything and we will see how to chart the course for the future.

“There is always something to do. We live by the motto: ‘To stand still is to go backwards’.

“Continuity is certainly a very important ingredient for success, even if AlphaTauri’s performance this year was not satisfactory.”