Mateschitz denies selling F1 team to Audi

Dietrich Mateschitz has denied reports he might be looking to sell his F1 team Red Bull to Audi.

On Thursday, stories emerged in the German press suggesting that the Red Bull mogul and billionaire might be looking to go beyond his role as a team owner and buy into the sport's commercial rights.

In the process, he might be offering to sell the multiple title-winning Milton-Keynes based team to Audi, the Volkswagen-owned German carmaker, for EUR 300 million by 2017.

"I don't know anything about it," Austrian Mateschitz insisted to the German-language Speed Week.

"As far as I know, we are having no such 'clearance sale'," he added.

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Leopold

Leopold Pleijsier founded F1-Fansite.com in 2001 and has followed Formula 1 since the early 1980s. He writes about daily F1 news, race weekends, drivers and the sport’s history.

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