In 2004, Mateschitz bought the struggling Jaguar Racing team from its previous owners, Ford, and renamed it Red Bull Racing for the following season. The team has since prospered, with Sebastian Vettel winning four straight titles from 2010-13, and Max Verstappen prevailing in both 2021 and this season.
Indeed, Verstappen was one figure to publicly pay tribute to Mateschitz ahead of the United States Grand Prix last month – where all F1 personnel stood for a moment of silence in his honour. And prior to his death, the supremo had committed to investing in a new wind tunnel to be part of the Red Bull technology campus in Milton Keynes.
The team have been hit with a 10% reduction in wind tunnel time for 2023, part of their punishment for breaching the budget cap by £1.86 million in the last campaign. But despite this, team principal Christian Horner has said the project will go ahead.
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