Honda F1 website

SEPTEMBER 10, 2005

Red Bull acquires Minardi!

Red Bull has bought the Minardi F1 team from Paul Stoddart. The agreement was reached on Saturday at Spa between the Australian entrepreneur and Red Bull's Dietrich Mateschitz. It is believed that the deal is worth $35m and that Red Bull has agreed to keep the team in Italy in order to protect the jobs of the Minardi employees. An announcement is expected shortly.