Red Bull co-founder Dietrich Mateschitz dies at 78

Associated video above: F1 file of well-known Red Bull racing driver Max Verstappen founder and proprietor. He’s 78 years outdated. At the US Grand Prix in Austin, Texas, Red Bull staff officers stated Saturday that Matt Schitz had died. There is no such thing as a phrase but on the place or how he died. Mohammed Ben Sulayem, president of motorsport’s governing physique the FIA, stated Matt Schitz was “an important determine in motorsport.” “The ideas of your entire FIA ​​household are along with his family members at this time and he might be very a lot in the best way. Lacking.” Red Bull, the Austrian-Thai conglomerate, stated it bought almost 10 billion cans of caffeine and taurine drinks in 172 international locations around the globe final yr. Mateschitz not solely helped to popularize power drinks around the globe, but additionally constructed a motion, media, actual property and meals empire across the model. With Red Bull’s rising success, he has considerably expanded his funding in sports activities. Red Bull now runs soccer golf equipment, ice hockey groups and Method 1 racing groups, and has contracts with a whole bunch of athletes throughout a variety of sports activities. Mateschitz and Thai investor Chaleo Yoovidhya based the corporate in 1984 after Mateschitz acknowledged the potential to market Krating Daeng, one other power drink created by Chaleo for Western audiences. Red Bull stated Mateschitz labored on the recipe for 3 years earlier than launching the revamped drink beneath a brand new identify in his native Austria in 1987. Beneath Mateschitz’s management, Red Bull has quickly elevated market share, first in Europe after which within the US, by way of advertising campaigns selling the drink’s purported stimulating properties and intensive sponsorship offers within the motorsport, soccer, excessive sports activities and music industries. assist. Red Bull Racing has been profitable in Method 1, profitable the constructors’ championship in 2010, 2011, 2012 and in 2013, German driver Sebastian Vettel gained 4 consecutive wins when he signed with the staff Sub-drivers championship. Red Bull operates soccer groups in prime leagues in Austria, Germany, Brazil and the US. The corporate began with the acquisition of Austrian membership SV Austria Salzburg in 2005 and renamed it Red Bull Salzburg in firm colors. It repeated the transfer in Germany, buying fifth-tier membership SSV Markranstädt in 2009, renaming it RasenBallsport Leipzig, and funding its regular progress by way of the league system till promotion to the Bundesliga in 2016. German league guidelines prohibit the corporate from naming the staff Red Bull Leipzig – its identify in German, RasenBallsport, means “Leipzig on grass”, however the membership merely calls itself RB Leipzig. Mateschitz has additionally made headlines for his populist views. He had beforehand criticized German Chancellor Angela Merkel’s dealing with of the 2015-16 refugee disaster. Austrian tv station Servus, owned by Red Bull Media Home GmbH, is thought for selling provocative right-wing views. Mateschitz purchased the Jaguar Racing staff from earlier proprietor Ford in late 2004 and renamed it Red Bull for the 2005 season. Later that yr, he additionally purchased Minardi and renamed it Toro Rosso, subtly utilizing the staff as a provide staff for Red Bull.

Associated video above: F1 file of well-known Red Bull driver Max Verstappen

The Austrian billionaire, co-founder of power drink firm Red Bull, founder and proprietor of the Red Bull Method 1 racing staff, has died. He’s 78 years outdated.

At the US Grand Prix in Austin, Texas, Red Bull staff officers stated Saturday that Matt Schitz had died.

There is no such thing as a direct phrase on the place he died or the reason for his demise.

Mohammed Ben Sulayem, president of motorsport’s governing physique the FIA, stated Matt Hitz was “an important determine in motorsport”.

“At this second, the ideas of all of the FIA ​​household are along with his family members and he might be sorely missed.”

Mateschitz has risen to prominence as the general public face of Red Bull, the Austrian-Thai conglomerate that stated it bought almost 10 billion cans of caffeine and taurine drinks in 172 international locations final yr.

Mateschitz not solely helped the power drink take the world by storm, but additionally constructed a sports activities, media, actual property and meals empire across the model.

With Red Bull’s rising success, he has considerably expanded his funding in sports activities. Red Bull now runs soccer golf equipment, ice hockey groups and Method 1 racing groups, and has contracts with a whole bunch of athletes throughout totally different sports activities.

Andreas Sand

Red Bull CEO Dietrich Mattschitz speaks in Salzburg, Austria, on June 13, 2022. The Austrian billionaire, co-founder of power drink firm Red Bull and founder and proprietor of the Red Bull Method 1 staff, has handed away, Red Bull Racing officers stated Saturday, October 22, 2022. He was 78 years outdated.

Mateschitz and Thai investor Chaleo Yoovidhya based the corporate in 1984 after Mateschitz acknowledged the potential to market Krating Daeng, one other power drink created by Chaleo, to a Western viewers. Red Bull stated Mateschitz labored on the recipe for 3 years earlier than launching the revamped drink beneath a brand new identify in his native Austria in 1987.

Beneath Mateschitz’s management, Red Bull has quickly elevated its market share, first in Europe after which within the US, due to a advertising marketing campaign touting the drink’s purported stimulating properties, in addition to gross sales within the racing, soccer, excessive sports activities and music industries. Intensive sponsorship settlement.

Red Bull has been profitable in Method One, profitable constructors’ titles in 2010, 2011, 2012 and 2013, whereas German driver Sebastian Vettel gained 4 consecutive drivers’ titles when he signed with the staff.

Red Bull operates soccer groups in prime leagues in Austria, Germany, Brazil and the US. The corporate acquired the Austrian membership SV Austria Salzburg in 2005 and renamed it Red Bull Salzburg in firm colors.

It repeated the transfer in Germany, buying fifth-tier membership SSV Markranstädt in 2009, renaming it RasenBallsport Leipzig, and funding its regular progress by way of the league system till promotion to the Bundesliga in 2016. German league guidelines have prevented the corporate from naming the staff Red Bull Leipzig – its identify in German, RasenBallsport, means “Leipzig on grass”, however the membership merely calls itself RB Leipzig.

Mateschitz’s populist views additionally made headlines. He had beforehand criticized German Chancellor Angela Merkel’s dealing with of the 2015-16 refugee disaster. Austrian tv station Servus, owned by Red Bull Media Home GmbH, is thought for selling right-wing provocative views.

Mateschitz purchased the Jaguar Racing staff from earlier proprietor Ford in late 2004 and renamed it Red Bull for the 2005 season. Later that yr, he additionally purchased Minardi and renamed it Toro Rosso, subtly utilizing the staff as a provide staff for Red Bull.

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