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Red Bull future ‘set' despite Mateschitz death
Oct.27 Red Bull's future in Formula 1 is 'set' despite the death last weekend of the energy drink company's founder Dietrich Mateschitz. Under the reclusive 78-year-old Austrian billionaire's tutelage, Red Bull owns two Formula 1 teams, promotes the Austrian GP and has the Austrian TV rights via Servus TV. Red Bull also rejected Porsche's desire for a 50 percent buyout deal and works collaboration for 2026, choosing instead to go it alone with its own ‘Red Bull Powertrains' subsidiary. But with Mateschitz having died at home after an 18 month battle with pancreatic cancer, it is now unclear what will happen with his billion-dollar empire. Austrian media report that his $25 billion...
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1y ago from OneStopStrategy.com
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