Formula 1

Toro Rosso sale rumours increase

Rumours that the Faenza based Formula One team Toro Rosso is for sale are gathering pace. Last week, we reported speculation that Red Bull mogul Dietrich Mateschitz wants to sell his second F1 outfit. The original Swiss report had said the ...

GMM

Edited: Oct 1, 2010, 3:18 AM

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Rumours that the Faenza based Formula One team Toro Rosso is for sale are gathering pace.

Last week, we reported speculation that Red Bull mogul Dietrich Mateschitz wants to sell his second F1 outfit.

The original Swiss report had said the Austrian billionaire might be able to triple his money, after buying Minardi from Paul Stoddart in 2006 for just $40m.

But Italy's 422race.com said the outfit's price-tag is now just $30 million.

"There are ongoing rumours, but currently we have no plans to buy Toro Rosso," said Mateschitz's personal assistant.

The Italian report said there are several potential buyers, including Villeneuve/Durango, a group from the Far East, and Carlos Slim, the wealthiest person in the world.

But the Mexican Slim, with a net worth of more than $60 billion, is thought keener to buy into Sauber, with his interest in Toro Rosso perhaps just a negotiating ploy.

Ratings firm Nielsen estimated this week that energy drink sales have fallen one per cent.

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