Menu
Franchises

Red Bull Team Principal Christian Horner Says Owner 'Disillusioned' With Formula 1

Red Bull boss Christian Horner said Friday that owner Dietrich Mateschitz has become "disillusioned" with Formula One, but insisted he was fighting to prevent the team from leaving the sport.

The Austrian energy drinks giant has threatened to quit F1 if it cannot secure guarantees of a competitive engine next year after its impending split from Renault, with Ferrari considered the best, and perhaps, only option.

Speaking before this weekend's Japanese Grand Prix, Horner pulled no punches about Red Bull's possible exit.

"Dietrich Mateschitz doesn't talk very often, but when he does, you have to sit up and take notice," he told reporters in Suzuka. "He is disillusioned with F1 at the moment and has been consistent in that statement. It is my job to try to find a solution. - See more at: http://www.themalaysianinsider.com/sports/article/red-bull-owner-disillusioned-with-f1-says-horner#sthash.tX4JDJHM.dpuf
Red Bull Team Principal Christian Horner said Friday that Owner Dietrich Mateschitz has become "disillusioned" with F1, but insisted that "he was fighting to prevent the team from leaving the sport," according to the AFP. The Austrian energy drinks giant "threatened to quit F1 if it cannot secure guarantees of a competitive engine next year after its impending split from Renault, with Ferrari considered the best, and perhaps, only option." Horner "pulled no punches about Red Bull's possible exit." He said, "Dietrich Mateschitz doesn't talk very often, but when he does, you have to sit up and take notice. He is disillusioned with F1 at the moment and has been consistent in that statement. It is my job to try to find a solution." A formal announcement of Red Bull's split with engine suppliers Renault "could be made soon, but Horner said talks with the French carmaker were continuing." Horner: "There are some positive discussions going on behind the scenes with Renault. Red Bull's position and Renault's position are fairly clear with what we want to achieve. Hopefully, that should be concluded in the coming days." They "have made a commitment" to F1 CEO Bernie Ecclestone to race until '20, but Horner "blamed a diminished return on investment since those glory days for Red Bull's change of heart." He said, "As Bernie Ecclestone often says, circumstances change" (AFP, 9/25).

SBJ Morning Buzzcast: April 24, 2024

Bears set to tell their story; WNBA teams seeing box-office surge; Orlando gets green light on $500M mixed-use plan

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2015/09/28/Franchises/Red-Bull.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2015/09/28/Franchises/Red-Bull.aspx

CLOSE