Formula 1 News

Scuderia Toro Rosso up for sale 

The Scuderia Toro Rosso is now officially for sale. Dietrich Mateschitz, the man who owns both Toro Rosso and Red Bull Racing, has no plans to keep both teams under his property. The main reason for this is the new Concorde Agreement which is expected to take effect in 2010 and requires that all groups involved in the F1 Championship have also to produce their single-seaters. Toro Rosso is currently racing with a chassis supplied by Red Bull, through the Red Bull Technologies, whose Chief is Adrian Newey.

The Scuderia Torro Rosso was formed in 2006, when Mateschitz, the Austrian who owns also the company that produces the energy drink, bought the Minardi team from Paul Stoddart. Since then, the team has been called Red Bull’s “little sister“. In addition, the “Toro Rosso” name, translated from Italian, means “Red Bull”.

The confirmation that the team is now up for sale, was given by Mateschitz in an interview with Swiss “Motorsport Aktuell“. Dietrich Mateschitz said: “It is not a big secret that we have put Toro Rosso on the market. For the start of 2010 there will be a rule change and there will be no more synergy regarding design and construction of cars between Red Bull Racing and Scuderia Toro Rosso. There, I see the necessity that we continue with one team only. We will not sell Toro Rosso during the 2008 season, but it will be before 2010. We will only sell the team if it is put into safe hands.”