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F1 team rejects £1.1bn offer as paddock questions ownership structure

Originally posted on HITC | By Shay Rogers | Last updated Jul 3, 2025 8:14 AM ET

The last time 100% of a Formula 1 team was purchased came back in 2020 for the sum of around £136.5 million.

That is a staggering increase, and they have an opportunity to cash in on that, but something is keeping them from pushing the button.

One of the main reasons was to surpass Red Bull’s two teams and not have to share any clones in the paddock. That may not happen for much longer.

“I’m speaking in the wider interest of the sport. If you look at every other major sport, you’re not allowed to own two teams.

“I’d even go further, and there’s A+B team relationships. When these started 15 years ago, it was because there was a huge gap between the top teams and the bottom teams.”

Photo by David Ramos/Getty Images

The sale of F1 teams over the years and what teams own two – Jaguar and Minardi turn into?

But how the Racing Bulls outfit fell into their hands is a bit different. Red Bull agreed to purchase the Minardi team from Paul Stoddart back in 2005, but the reported figures are vague. It could have been anywhere between £22 and £29 million.

The team was renamed Toro Rosso for 2006, and after an FIA rule change meant Red Bull couldn’t design a car for them anymore in 2010, they were put up for sale in 2008.

This article first appeared on HITC and was syndicated with permission.

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