Red Bull has no plans to sell two Formula One teams

Red Bull has no plans to scale back its involvement in Formula One, owner Dietrich Mateschitz insists.

Dietrich Mateschitz, Owner of Red Bull

Photo by: xpb.cc

Red Bull Racing's Nascar equivalent is being wound up but it is a different story in F1, where Sebastian Vettel is on the verge of being crowned the youngest ever back to back champion.

Mateschitz told the Independent newspaper he is even happy with his second F1 team Toro Rosso.

"No," he insisted when asked if the Faenza based team is for sale, "although partnerships would not be ruled out, as long as the partner is the right one."

Also not being sold is the premier Red Bull team, even though "a forecast is difficult and a decision always depends on the wider picture, the politics, influence of F1 shareholders and many other factors".

He played down the supposed cost-drain of being involved in F1.

"The total marketing investment for (the) Red Bull (brand) is 10 times as much as in F1," said Mateschitz.

There is, however, no title sponsor as it is "difficult to find one due to the strength of the Red Bull brand".