Red Bull take control of Toro Rosso
By Scott, Tuesday 25 November 2008 @ 19:51 :: Toro Rosso
In a surprise move, Red Bull has bought back Gerhard Berger's 50% stake in Toro Rosso. This comes after Dietrich Mateschitz revealed - at the start of last season - plans to sell his share in the team, by the end of next year. Following this announcement, Berger appeared determined to continue, and was reported to be searching for a new partner.
More recently, though, Mateschitz's interest in Toro Rosso seems to have been rekindled, with suggestions that the Austrian billionaire would be prepared to keep his stake in the team if a compromise over the customer car issue can be reached. This is likely to be in no small part due to Toro Rosso outperforming their sister team during 2008, with a smaller budget.
After stepping down from his role fronting BMW's Formula One engine programme, Berger was known to be chasing a return to the sport. A deal which saw Mateschitz acquire half of Berger's road haulage firm allowed the former McLaren and Ferrari driver to do just that, through a 50% stake in Toro Rosso.
It's not clear why Berger has now agreed to relinquish his stake in the team. After a hugely successful season which saw the team secure its first win, the Austrian appeared understandably enthused during interviews.
One possibility is that Berger wasn't confident of finding a new parter in the current economic climate. Should Mateschitz not be persuaded to continue his involvement with the team, he could withdraw funding if unable to sell his stake. This would in turn reduce the value of Berger's share-holding in the team dramatically.
From Mateschitz's perspective, he now has the option of continuing Red Bull's involvement whilst having complete control of the team. But if he decides to sell, finding a buyer should now be easier, as he can offload the whole team, rather than have to search for an investor who is prepared to work with Berger.

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