Red Bull buys back Toro Rosso stake
Energy drinks giant Red Bull has bought back the 50 per cent stake in the Toro Rosso Formula One team owned by Gerhard Berger
Berger had purchased the stake from Red Bull owner Dietrich Mateschitz back in 2006, after the Austrian billionaire had bought the Minardi team and renamed it.
On Tuesday, Mateschitz announced he had bought Berger's shares back, taking complete control of Toro Rosso.
"I am very grateful to Gerhard for his huge input," said Mateschitz. "Together we turned Toro Rosso into a team that qualified on a regular basis in the top 10 and collected world championship points."
Toro Rosso were the best of the Red Bull-owned squads this year, taking their maiden victory at the Italian Grand Prix and finishing ahead of Red Bull Racing.
The team's future had been in some doubt for some time after Mateschitz announced his intention to sell his stake earlier this year.
"A 100% financing of a joint project by one partner can only make sense, to my mind, at an initial stage", Berger said. "This stage is over now. That's why Red Bull will take over the shares again."
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About this article
| Series | Formula 1 |
| Teams | Red Bull Racing , Toro Rosso |
| Author | Pablo Elizalde |
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