Red Bull

Austrian billionaire Mateschitz was co-founder of energy drink company Red Bull, which says it sold nearly 10 billion cans of its caffeine and taurine-based ...

German league regulations prevented the company from naming the team Red Bull Leipzig – its name in German, RasenBallsport, means "grass ball sport Leipzig" but the club just refers to itself as RB Leipzig. He was incredibly proud of the team, incredibly proud of everything we've done and have been achieving, and he's been a passionate supporter and the backbone of everything that we do." Verstappen started in Red Bull's driver development program and became the youngest driver in F1 history to start a grand prix when he started with the junior Toro Rosso team at age 17 in 2015. Red Bull operates soccer teams in top divisions across Austria, Germany, Brazil and the United States. Red Bull also has contracts with hundreds of athletes in various sports and a deep driver development program to get racers to the top level. Red Bull says Mateschitz worked on the formula for three years before the modified drink was launched under its new name in his native Austria in 1987.

The Austrian entrepreneur got his start in marketing and applied his skills to burnish the image of energy drink Red Bull. He was ranked among the 100 ...

Back in Austria, he also owned Hangar-7, an event center located on the grounds of Salzburg airport that houses his historic aircraft collection, the Flying Bulls. Mateschitz also owned Red Bull Racing, a Formula 1 racing team in England. The partners took the syrupy sweet Asian drinks– then typically sold in brown glass bottles– and livened it up with carbonation and an eye-catching blue and silver can, emblazoned with the drink’s name. Mateschitz, who built a multi-billion dollar fortune in the process, has died at age 78. Forbes pegs Mateschitz’s fortune at $20.2 billion; he was the 71st richest person in the world at the time of his death. In 2013, Forbes reported that Mateschitz spent $1.7 million on

Red Bull's talks with Formula One's governing body over breaching last year's budget cap have been put on hold after the death of the team's owner Dietrich ...

Register now for FREE unlimited access to Reuters.com Team boss Christian Horner told reporters at the U.S. "The deadline for agreement has been extended and we expect talks to pick back up in the middle of next week."

Formula One world champion Max Verstappen led the tributes on Sunday to Red Bull founder Dietrich Mateschitz, who turned the energy drink into a worldwide ...

He was a passionate supporter and the backbone of all we do." "I can't be too happy after the loss of Dietrich Mateschitz. We missed out in qualifying by a little bit, but there is a race tomorrow and we'll try to do it for him... "It is a very tough day. The Red Bull drink was born during one of Mateschitz's many business trips as marketing director of a German cosmetics company when he was served a sweet beverage common in Asia in a luxury bar in Hong Kong. "It's been hard news for everyone, for Red Bull and for the sport and for me in general, in my career and in my life," the Dutchman said.

The championship was secured at the U.S. Grand Prix, with three races to spare, a day after company founder and team owner Dietrich Mateschitz died aged 78. Max ...

Red Bull was unable to beat Mercedes to the constructors' championship last year despite Verstappen claiming the drivers' title. "I think Dietrich would have quite enjoyed that race, from above, to see us overtake a Mercedes with five, six laps to go to win the constructors championship. The championship win marks the end of the Mercedes era of dominance, which dates back to 2014, when F1 switched to turbo-hybrid engines.

Red Bull and the FIA have put talks over the budget cap breach on hold following the death of company owner Dietrich Mateschitz.

The deadline for agreement has been extended and we expect talks to pick back up middle of the week." It is understood the FIA has offered Red Bull what is known in the regulations as an agreed breach agreement (ABA), which is believed to include a financial penalty and a sporting penalty, but Red Bull is yet to accept that settlement. The FIA ruled earlier this month that Red Bull had made a "minor" breach of the $145 million, believed to be around $1.8 million, although Red Bull maintains it did not intend to overspend and is disputing the way the FIA's audit has accounted for certain items.