Mateschitz buys another Austrian circuit

Sep.17 (GMM) Dietrich Mateschitz is adding another Austrian race track to his collection.

Reports in Austria – in the Osterreich and Salzburger Nachrichten newspapers – say the Red Bull mogul and billionaire is buying the Salzburgring.

Billionaire Mateschitz brought F1 back to Austria two years ago after buying and reconstructing the A1-Ring, which he renamed the Red Bull Ring.

And now, he is buying the Salzburgring, a 4.2km circuit east of Salzburg that hosted MotoGP until 1994.

“I can confirm that,” a circuit spokesperson said.

Mateschitz, however, said the deal is not quite done. “I have not signed yet, so I’m not the owner of the Salzburgring,” said the 71-year-old.

But he did not deny he is in the process of buying the track, which he would do privately rather than in the name of his energy drink company.

“The purchase of a race track by the company Red Bull is not something I can expect of my business partners,” said Mateschitz.

But “There would be many synergies with the Red Bull Ring,” he added.

Related News

  • 28/06/2019 Marko reveals talks for new Austria GP race deal Jun.28 (GMM) Dr Helmut Marko says it is likely Red Bull will agree with Liberty Media to extend the contract for the Austrian grand prix. After a ten-year absence, the now Red Bull-owned […]
  • 03/03/2017 Red Bull eyes F1 television rights Mar.3 (GMM) Red Bull could be set to expand its involvement in F1 beyond being a team owner and race promoter. Salzburger Nachrichten newspaper reports that Dietrich Mateschitz's […]
  • 19/01/2017 GP2 champion Gasly heads to Japan Jan.19 (GMM) Reigning GP2 champion will keep his skills sharp this year in Japan's top tier of open wheel racing. Just like his GP2 champion predecessor Stoffel Vandoorne last year, it […]
  • 11/04/2015 Red Bull eyes F1 television rights – rumour Apr.11 (GMM) Rumours continue to swirl around the future of Red Bull in formula one. The former world champions are struggling so far in 2015, pointing fingers at engine supplier Renault […]
  • 28/06/2016 Red Bull could revive old Spielberg layout Jun.28 (GMM) Red Bull is looking into expanding the current layout of the Austrian grand prix venue in Spielberg. The energy drink brand took the former A1-Ring and Osterreichring back […]
  • 22/09/2017 Mateschitz ‘not tired’ of F1 – Berger Sep.22 (GMM) Gerhard Berger has hit back at rumours Red Bull is getting "tired" of formula one. There have been paddock rumours the energy drink company's chief Dietrich Mateschitz is […]
  • 21/06/2015 French power for Red Bull in 2016 too – Renault Jun.21 (GMM) Renault says it is sure it will continue to power Red Bull's cars next year. The news comes amid swirling rumours about the future in F1 of the energy drink company, with […]
  • 19/09/2015 Lauda sure Ferrari will supply engines to Red Bull Sep.19 (GMM) Along with a clear quit threat, Red Bull has announced that it is splitting with long-time engine supplier Renault. "The separation from our engine partner at the end of the […]
  • 28/07/2018 New deal for Ricciardo still delayed Jul.28 (GMM) Daniel Ricciardo is still not ready to announce his new Red Bull contract. Despite flirtations with Ferrari and Mercedes, it is now clear that the Australian is staying with […]
  • 04/11/2015 Mateschitz slams rivals’ lack of ‘sportsmanship’ Nov.4 (GMM) Dietrich Mateschitz has accused Red Bull's powerful rivals of lacking the "courage and sportsmanship" to supply the team with engines in 2016. As he added another "three […]