17 Jun 2001, 11:04 (Ref:106118)
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#1
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Veteran
Join Date: Aug 2000
Posts: 2,727
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Red Bull Arrows Saab ?
Quote:
The Sunday Times, june 17 2001, Business news
Private Equity has held discussions with Red Bull, the energy drink, to sell a 70% stake in Arrows, the Formula One racing team, for about £70m.
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Red Bull has a 62% stake in the Swiss Sauber team, which has fared even worse than Arrows. But after a disagreement over direction, Deitrich Materschitz, the founder of Red Bull, has made it clear that he wants out of Sauber by the end of the current season.
He already has a relationship with Arrows through the sponsorship of Enrique Bernoldi, the Arrows driver who used to race for Sauber. Red Bull's name appears on the Arrows car driven by the Brazilian.
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It is thought that talks are at an early stage
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(Sorry, can't make the URL work)
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