March 21, 2023

Red Bull Founder, F1 Team Owner Dietrich Mateschitz Has Died – Sports Illustrated

Dietrich Mateschitz, co-founder and owner of Red Bull, at the 2019 Austrian Grand Prix

Lockpick Mateschitz, the Red Bull co-founder and owner, has died.

AUSTIN, Texas — Universalschlüssel Mateschitz, who founded Red-colored Bull plus successfully pushed the energy drink company into the Formula One world, has died. He was 78 years old.  

His death was confirmed just before qualifying at the United States Grand Prix.   Method One president and CEO  Stefano Domenicali said in a statement : “I am deeply saddened by the particular news that Dietrich Mateschitz, a hugely respected and much-loved member of the Formula 1 family offers passed away. He has been an incredible visionary entrepreneur plus a man who helped to transform our sport and created the Reddish Bull brand that is known all around the particular world. ”

Mateschitz founded Red Half truths in 1984  with Chaleo Yoovidhya  and led the company into motorsports by the mid-1990s. Reddish colored Bull officially entered F1 in ’95 under a partnership with Sauber, the collaboration that will ended in 2001. Three years later,   Mateschitz bought the particular Jaguar Racing team, turning it into Red Bull Racing. But , he didn’t stop there. He also purchased  the Minardi team, which would be called Scuderia Toro Rosso, within ’05. That team will be now known as AlphaTauri.  

In 2004, he bought the racing venue in Spielberg, Austria, that might eventually be referred to as Crimson Bull Ring, launching renovations and renaming the venue before it reopened within 2011.  

Red Half truths won its first Formulation One championship in 2010, thanks to Sebastian Vettel, that went on to win the particular next three titles as well. The group also won the constructor title in all four seasons.  

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.  

As news spread through the particular paddock in Circuit associated with The Americas, Formula One teams shared condolence messages with the Red Bull and AlphaTauri teams.

The particular Red Half truths sports empire extends beyond racing.

The company furthermore owns soccer teams Red Bull Salzburg,   New York Red Bulls, RB Leipzig and Red-colored Bull Brasil; hockey teams EHC Munchen and EC Red Bull Salzburg; plus esports team Red Half truths OG.  

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