Red Bull Empire Co-owner F1 Team Owner Dietrich Mateschitz Dies at 78 Breakibng HEAD TOPICS

Red Bull Empire Co-owner F1 Team Owner Dietrich Mateschitz Dies at 78

10/23/2022 3:05:00 AM

Mateschitz co-founded Red Bull in the 1980s alongside Thai entrepreneur Chaleo Yoovidhya owns two F1 teams Red Bull Ring circuit in Austria

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Mateschitz co-founded Red Bull in the 1980s alongside Thai entrepreneur Chaleo Yoovidhya owns two F1 teams Red Bull Ring circuit in Austria Mateschitz co-founded Red Bull in the 1980s alongside Thai entrepreneur Chaleo Yoovidhya owns two F1 teams Red Bull Ring circuit in Austria Red Bull eventually branched out into team ownership as it acquired Jaguar Racing in 2004 when it was put up for sale by Ford.Mateschitz co-founded Red Bull in the 1980s alongside Thai entrepreneurRed Bull eventually branched out into team ownership as it acquired Jaguar Racing in 2004 when it was put up for sale by Ford, and a year later it took control of the backmarker Minardi squad, naming it Toro Rosso. Mark ThompsonMax Verstappen beating Lewis Hamilton to the 2021 titleBoth Vettel and Verstappen owe a large part of their career to Red Bull, which for two decades has had a young driver program, funneling potential talents through junior categories and into Formula 1 with Toro Rosso, which in 2020 was renamed AlphaTauri. Read more:
Autoweek » Dietrich Mateschitz, Red bull owner, dies aged 78, Sky News reports Red Bull Founder, F1 Team Owner Dietrich Mateschitz Has Died Red Bull F1 team mourn death of founder Mateschitz at 78 F1 team: Red Bull co-founder Dietrich Mateschitz dies at 78

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On Saturday's 'America Right Now,' Tom Basile shows how Dr. Oz is making his closing pitch to Pennsylvania voters ahead of the Senate Election by attending m... Read more >> Dietrich Mateschitz, Red bull owner, dies aged 78, Sky News reportsDietrich Mateschitz, the billionaire founder and owner of energy drink company Red bull, died at the age 78, Sky News reported on Saturday. Now he really have wings, rip, king All the wings jokes! He got his wings! Red Bull Founder, F1 Team Owner Dietrich Mateschitz Has DiedDietrich Mateschitz, who founded Red Bull and successfully pushed the energy drink company into the Formula One world, has died RIP In remembrance I am going to drink as many Red Bull Vodka’s as it takes to grow my own pair of wings and join Diety in Heaven. RedbullGaveHimWings DaddyDietrich Red Bull F1 team mourn death of founder Mateschitz at 78Formula One and the championship-leading Red Bull team mourned the death of the energy drink company's Austrian founder Dietrich Mateschitz on Saturday at the age of 78. Editor cleanup on isle 3 So what does this mean for - RBR's breach of the Budget Cup . the future of RBR? Because 51% of the RB (or whatever) shares are not in Austria, but in ... Thailand ... PS: You think this post is heartless? Guess what: So are the markets ... F1 team: Red Bull co-founder Dietrich Mateschitz dies at 78AUSTIN, Texas (AP) — Austrian billionaire Dietrich Mateschitz, the co-founder of energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, has died. He was 78. Officials with the Red Bull racing team at the United States Grand Prix in Austin, Texas, said Saturday that Mateschitz had died. Great! Red Bull is a damn disease and a diabetic nightmare. All the billionaires will die like us. Just the same. I hope they know. He's got his wings.. Dietrich Mateschitz, founder of Red Bull, dead at 78Global business figure and Red Bull co-owner Dietrich Mateschitz has died at the age of 78. A-fib? F1 team: Red Bull co-founder Dietrich Mateschitz dies at 78Austrian billionaire Dietrich Mateschitz, the co-founder of energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, has died. Joan Cros Garcia - Corbis Getty Images Red Bull used an aggressive marketing strategy in extreme sports and this led to a sponsorship partnership with Sauber in Formula 1 from the mid-1990s.Reuters 1/2 Red Bull owner Dietrich Mateschitz (R) congratulates Red Bull Formula One driver Sebastian Vettel of Germany for winning the championship and the Abu Dhabi Grand Prix at the Yas Marina circuit November 14, 2010.Dietrich Mateschitz, the Red Bull co-founder and owner, has died.Red Bull Racing principal Christian Horner confirmed the news ahead of qualifying for the U. Red Bull eventually branched out into team ownership as it acquired Jaguar Racing in 2004 when it was put up for sale by Ford. A year later it took control of the backmarker Minardi F1 squad, naming it Toro Rosso. Dietrich Mateschitz, the co-owner of the Red Bull empire which fields two teams in Formula 1, has died aged 78 after a long illness.  His death was confirmed just before qualifying at the United States Grand Prix. Mateschitz co-founded Red Bull in the 1980s alongside Thai entrepreneur Chaleo Yoovidhya , having recognized the potential of an energy drink while visiting the country. Red Bull used an aggressive marketing strategy in extreme sports and this led to a sponsorship partnership with Sauber in Formula 1 from the mid-1990s.com Register "What he (Mateschitz) achieved and what he's done for so many people around the world, across different sports, is second to none," said Horner. Red Bull eventually branched out into team ownership as it acquired Jaguar Racing in 2004 when it was put up for sale by Ford, and a year later it took control of the backmarker Minardi squad, naming it Toro Rosso.” Mateschitz founded Red Bull in 1984 with Chaleo Yoovidhya and led the company into motorsports by the mid-1990s. Toro Rosso picked up the first victory for a Red Bull-owned team in Italy in 2008, with youngster Sebastian Vettel triumphing in wet conditions. A year later, Red Bull emerged as a front-running force under new regulations and took four successive titles with Vettel between 2010 and 2013. Team owner Dietrich Mateschitz celebrate a Max Verstappen win in Austria in 2019. But, he didn’t stop there. Mark Thompson Getty Images Having played second fiddle to Mercedes for several years it returned to the top of the standings with Max Verstappen beating Lewis Hamilton to the 2021 title . so many drivers, so many team members, so many people in this pitlane owe him so much," he told Sky Sports television. Verstappen wrapped up his second title, and the sixth for a Red Bull driver, in Japan, while Red Bull stands on the brink of its fifth Constructors’ crown and first since 2013. Both Vettel and Verstappen owe a large part of their career to Red Bull, which for two decades has had a young driver program, funneling potential talents through junior categories and into Formula 1 with Toro Rosso, which in 2020 was renamed AlphaTauri.  In 2004, he bought the racing venue in Spielberg, Austria, that would eventually be known as Red Bull Ring, launching renovations and renaming the venue before it reopened in 2011. Along with Vettel and Verstappen, the likes of Daniel Ricciardo, Carlos Sainz and Pierre Gasly have all come through Red Bull’s junior driver program and gone on to win grands prix. Mateschitz also invested heavily in his native Austria, buying the A1 Ring circuit that had fallen into disrepair, and renovating it under the Red Bull brand. The Austrian Grand Prix has featured on the calendar since 2014 and in both 2020 and 2021 held two Grands Prix to assist Formula 1 with the pandemic.  The team is now on the verge of another constructors title, which would come on the heels of Max Verstappen’s 2021 and ’22 driver titles. Red Bull also won the constructors' title in all four seasons. Dietrich Mateschitz, left, played a key role in Sebastian Vettel’s four F1 championships for Red Bull. Vladimir Rys Photography Getty Images “It is desperately sad news that we’ve learned of the passing of Dietrich,” said Red Bull Racing team principal Christian Horner. “He was a remarkable man, what he’s done for so many, not just in Formula 1 but in the Red Bull business and the Red Bull world across all the sporting platforms. The company also owns soccer teams Red Bull Salzburg, New York Red Bulls, RB Leipzig and Red Bull Brasil; hockey teams EHC Munchen and EC Red Bull Salzburg; and esports team Red Bull OG. He was a man that inspired so much. He is the reason that we are here, it was his passion for Formula 1 and his vision that is the reason he has two teams in the Formula 1 pit lane. He was always enthusiastic, encouraging and supportive on the good days and the bad days. “So many owe him so much and I feel privileged to have known him and I think for the whole team now, despite the shock, we are going to do exactly what he would have wanted, which is to go out there and with his cars do the very best that we can and to try and close the constructors’ championship down. It’s important that we recognize everything he has contributed to the sport, but not just the sport because it goes way, way beyond that.” “I am deeply saddened by the news that Dietrich Mateschitz, a hugely respected and much-loved member of the Formula 1 family has passed away,” said Formula 1 CEO Stefano Domenicali. “He was an incredible visionary entrepreneur and a man who helped to transform our sport and created the Red Bull brand that is known all around the world. I will miss him greatly, as will the whole community in Formula 1, and our thoughts and prayers are with his family, friends, and the Red Bull and AlphaTauri teams at this very sad time.” Compatriot Toto Wolff, the Mercedes team principal, also paid tribute. “It is with great sadness that we have learned of the passing of one of the greatest and most visionary entrepreneurs in the world,” he said. “What Dietrich Mateschitz did for Formula 1 was unprecedented—and we send our deepest condolences to his family and friends.” Advertisement - Continue Reading Below .