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

Red Bull buys back Toro Rosso stake

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."

shares
comments
Rosberg ready to re-think future after '09

Previous article

Rosberg ready to re-think future after '09

Next article

Berger: Toro Rosso will lose ground

Berger: Toro Rosso will lose ground
Load comments
The core problems Yas Marina’s long-awaited tweaks won't address Plus

The core problems Yas Marina’s long-awaited tweaks won't address

OPINION: Changes to the layout of Abu Dhabi’s circuit aim to reverse the trend of insipid Formula 1 races there - the promoter has even described one of the new corners as “iconic”. And that, argues STUART CODLING, is one of this venue’s abiding failings

How Ferrari offered Britain's next F1 prospect what Red Bull couldn't Plus

How Ferrari offered Britain's next F1 prospect what Red Bull couldn't

Last year's Formula 2 runner-up Callum Ilott could be on his way to becoming the first Briton to contest a grand prix in an Alfa Romeo since Reg Parnell in 1950. But, says OLEG KARPOV, the Ferrari Driver Academy protege is having to temper his ambition at the moment – outwardly at least…

Formula 1
Jul 25, 2021
The signs that point to F1's rude health Plus

The signs that point to F1's rude health

OPINION: Formula 1's calendar might still be facing disruption as the pandemic affects travel but, says MARK GALLAGHER, the business itself is fundamentally strong thanks to the epic rivalry taking place on track and the consistent arrival of new sponsors

Formula 1
Jul 24, 2021
The unexpected benefit of F1’s sprint race repeat Plus

The unexpected benefit of F1’s sprint race repeat

OPINION: Formula 1's sprint race trial at Silverstone drew mixed feedback on Saturday, but there remained the true test of how it would impact Sunday's Grand Prix. While fans were busy marvelling at Fernando Alonso's progress, a key lesson was being learned that would directly contribute to the dramatic lap one clash at Copse the following day

Formula 1
Jul 22, 2021
The off-track considerations that led to F1’s Hamilton/Verstappen Silverstone shunt Plus

The off-track considerations that led to F1’s Hamilton/Verstappen Silverstone shunt

OPINION: Formula 1’s 2021 title fight turned ugly last weekend when Max Verstappen and Lewis Hamilton collided at the start of the British Grand Prix. Verstappen thankfully walked away unharmed, but this had been a clash long-since coming

Formula 1
Jul 21, 2021
Will 2022's all-new cars look like F1's concept model? Plus

Will 2022's all-new cars look like F1's concept model?

Formula 1 provided its clearest example yet of what the 2022 cars are set to look like when it presented a full-scale concept to the world during the build-up to last weekend’s British Grand Prix. Underneath the special shiny livery was a design that hinted at the future, but teams will be digging into key areas that may reap differing results

Formula 1
Jul 20, 2021
British Grand Prix Driver Ratings Plus

British Grand Prix Driver Ratings

The 2021 British Grand Prix will live long in the memory for the dramatic clash between Formula 1's two title protagonists, which opened the door for other drivers to capitalise. One did so in spectacular fashion, while others fluffed their lines

Formula 1
Jul 19, 2021
How Leclerc almost defied Hamilton after F1 title rivals’ Silverstone clash Plus

How Leclerc almost defied Hamilton after F1 title rivals’ Silverstone clash

A poor start for Valtteri Bottas and the lap one clash between Formula 1's 2021 title protagonists gave Charles Leclerc a surprise lead in the British Grand Prix that he almost held to the end. Here's how the Ferrari driver came close to a famous victory, ultimately denied by a recovering Lewis Hamilton three laps from home

Formula 1
Jul 19, 2021