Alpha Tauri SALE: Red Bull DENY rumours of Selling Alpha Tauri, NO CHANGES in Team Lineup of Current Formula 1 Setup

Alpha Tauri Sale rumors: Formula 1 2023 LIVE – Red Bull Racing has denied rumours of selling Alpha Tauri. Recently, news shot into the limelight that Red Bull were considering a possibility of selling their sister concern team, Alpha Tauri. However, now those rumours have been crushed as the team has denied the rumours and therefore has no plans on changing the current lineup of the Formula 1 Setup. Follow F1 2023 LIVE Updates on InsideSport.IN

Alpha Tauri SALE: Red Bull DENY rumours of Selling Alpha Tauri, NO CHANGES in Team Lineup of Current Formula 1 Setup

Also Read: Formula 1 Live Streaming: NOT StarSports or Hotstar, F1TV to LIVE Stream Formula 1 2023 Season in India – Check Details

According to a German report, the corporation is willing to sell Alpha Tauri, which was previously known as Toro Rosso and has been the sister team since 2006. Following the death of Dietrich Mateschitz last October was the co-founder, and his son Mark became the company’s 49 percent owner. Former RB Leipzig CEO Oliver Mintzlaff was also transferred to handle the company’s Formula 1 effort, which has shown extraordinary success recently.

Nevertheless, while Red Bull has been leading from the start, Alpha Tauri’s fortunes have taken a turn for the worst. The sibling team ended eighth last season, a disappointing year after making so much progress in the two years leading up to 2022, and rumour has claimed that the new administration is dissatisfied with the situation.

Alpha Tauri SALE: Red Bull DENY rumours of Selling Alpha Tauri, NO CHANGES in Team Lineup of Current Formula 1 Setup

The implementation of financial regulations that make teams less expensive to run, and F1’s ‘franchise model’ commitment that strives to limit grid expansion and make it more difficult for new entrants to join.

“We don’t generally comment on rumours,”

Following Mateschitz’s death, Alpha Tauri team boss Franz Tost told The Race in November that his operation’s long-term future was assured. However, the new Red Bull administration appears to consider that Alpha Tauri does not provide enough value in recent times.

Great day of testing & learning. #RB19 Proud of this team! pic.twitter.com/m3FIul1TXU

— Oracle Red Bull Racing (@redbullracing) February 25, 2023

Alpha Tauri SALE: Red Bull DENY rumours of Selling Alpha Tauri, NO CHANGES in Team Lineup of Current Formula 1 Setup

Also Read: Formula 1 Live Streaming: NOT StarSports or Hotstar, F1TV to LIVE Stream Formula 1 2023 Season in India – Check Details

Alpha Tauri recent performances.

It began as Toro Rosso but was renamed Alpha Tauri in 2020 to showcase the Red Bull fashion brand. The benefit of having two teams during the cost cap era was that when Red Bull Racing’s spending reduced and prize money was more evenly distributed around teams, Red Bull would have two profitable businesses, with Alpha Tauri able to become more competitive. However, Alpha Tauri faltered in 2022, finishing ninth – the team’s joint-second lowest finish in Red Bull’s ownership.