Red Bull not keen on F1 rights buyout

Dietrich Mateschitz

(GMM) Red Bull is not interested in a push among some rival formula one teams to buy into the sport's commercial rights.

Germany's Auto Motor und Sport said some of the major teams – but not Red Bull – want to commission a viability study into the idea.

The report said Red Bull, owned by billionaire energy drink magnate Dietrich Mateschitz, considers the proposal a "senseless expenditure".