No Red Bull Ring GP says billionaire boss

16 May, 2011

NEVERS, FRANCE - JUNE 22: Red Bull Racing Chairman Dietrich Mateschitz is seen in the paddock prior to the French Formula One Grand Prix at the Circuit de Nevers Magny-Cours on June 22, 2008 in Nevers, France. (Photo by Vladimir Rys/Bongarts/Getty Images)

Dietrich Mateschitz

May 16 (GMM) Dietrich Mateschitz has ruled out relocating his pace setting Formula 1 team Red Bull Racing to Austria and has again denied that he intends hosting a Grand Prix at the venue.

The energy drinks mogul and Austrian billionaire reopened the former A1 Ring, re-named as the Red Bull Ring, at the weekend.

Formula 1′s most famous figure Bernie Ecclestone was even present, kindling rumours he might seriously be considering reviving the Austrian Grand Prix.

“This track is ready for Formula 1,” Mark Webber told Kleine Zeitung newspaper after a few hot laps, and Sebastian Vettel agreed that a Formula 1 race  could be held now at the Red Bull Ring “theoretically and practically”.

But Mateschitz insisted: “We will not get a Formula 1 or a MotoGP race here.”

More realistic, perhaps, is that Red Bull Racing is relocated from Milton Keynes (UK) to the facility.

“I’ve thought about it, but no,” Mateschitz answered. “You can build whatever you want, but in Styria you cannot get 300 of the best people in formula one.”

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