Berger takes half shares in Toro Rosso

Berger takes half shares in Toro Rosso

Red Bull announced on February 9th that Gerhard Beger's motorsport company has taken a 50% stake in Scuderia Toro Rosso and he will be personally involved in the team, as well as taking an advisory role in Red Bull's F1 interests. In addition, 50%...

Red Bull announced on February 9th that Gerhard Beger's motorsport company has taken a 50% stake in Scuderia Toro Rosso and he will be personally involved in the team, as well as taking an advisory role in Red Bull's F1 interests. In addition, 50% of the shares of Berger's shipping company will be transferred to Red Bull.

Gerhard Berger.
Photo by xpb.cc.

Berger, who previously raced for Ferrari and McLaren amongst others, was BMW motorsport director from 1998 to 2003. He and Red Bull owner Dietrich Mateschitz have a long-time friendship spanning 20 years.

"The involvement of a company like Red Bull is an important milestone for the Berger shipping company and for its successful future development," Berger said. "On the other hand, I am aware that my Formula 1 know-how is very much valued by Red Bull in general and by the Italian Toro Rosso team in particular."

"Last but not least I'm looking forward to not only continuing to have a great time with Dietrich Mateschitz, but also to being able to implement serious and visionary business developments together in the future."

Mateschitz commented: "I have known and admired Gerhard for twenty years. 18 years ago, he was the first top athlete to drink Red Bull and therefore to make a significant contribution to our growth and to the brand in Austria."

"I am particularly pleased that we will now be able to take advantage of the synergies that undoubtedly exist between us also for joint business activities."

Red Bull confirmed its take over of Minardi in September 2005 and the team was renamed Toro Rosso. Drivers this year are Italian Tonio Liuzzi, who was Red Bull third driver in 2005 and also competed in four races, and American Scott Speed, while Swiss Neel Jani takes the test driver role.

Toro Rosso's 2006 challenger, designated the STR01, had its first track outing at Jerez today with Liuzzi behind the wheel. The team is likely to be the only one on the grid using the restricted V10 engine this season, as supplied by Cosworth. The official launch of the car is not until the season opener in Bahrain.

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About this article
Series Formula 1
Drivers Gerhard Berger , Scott Speed , Neel Jani
Teams Ferrari , McLaren , Toro Rosso , Minardi