Red Bull Thai Co-owner passes away
Posted: 18 Mar 2012, 03:01
As was mentioned in the ill-fated Pattaya 2013 (Thai GP) thread, the Red Bull Company is owned 49% by Mateschitz, 49% by the original founder of the Company/drink & 2% by the latter's son.
Said founder has now passed away.
http://edition.cnn.com/2012/03/17/world ... index.html
How this might affect the structure of the Company remains to be seen. But the original agreement was that Mateschitz would run the "Western" aspects leaving the original owner/inventor the equally lucrative Asian markets.
As far as I can tell the racing teams & other sporting interests as we know them are funded by the European side of the business but should the founder's family gain control of the entire 51% available, things could possibly change.
At a time when the whole financing of F1 is under scrutiny, it's a news item to be noted as background information.
Said founder has now passed away.
http://edition.cnn.com/2012/03/17/world ... index.html
How this might affect the structure of the Company remains to be seen. But the original agreement was that Mateschitz would run the "Western" aspects leaving the original owner/inventor the equally lucrative Asian markets.
As far as I can tell the racing teams & other sporting interests as we know them are funded by the European side of the business but should the founder's family gain control of the entire 51% available, things could possibly change.
At a time when the whole financing of F1 is under scrutiny, it's a news item to be noted as background information.