AlphaTauri has rubbished rumours that parent company Red Bull is planning to sell the F1 team, insisting its future is secure.
During pre-season testing in Bahrain last week, German publicationreported that the new Red Bull management structure - rejigged following the death of company founder Dietrich Mateschitz last year - was considering a sale ofThis was supposedly related to dissatisfaction with the team’s new identity, the squad having been rebranded from Toro Rosso for 2020, failing to significantly boost the fashion brand's following.
AlphaTauri issued a brief statement on Wednesday quoting Tost, who said: “I had some very good meetings with Oliver Mintzlaff, who confirmed that the shareholders will not sell Scuderia AlphaTauri, and that Red Bull will continue supporting the team in the future. However, it has also been reported that the concern could fully relocate to its aerodynamic facility in Bicester, Oxfordshire.
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