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Mateschitz will pay £16m Austrian race fee
Red Bull's Dietrich Mateschitz has denied that he has received any special discount from Bernie Ecclestone after it was announced that Formula 1 would return to Austria next year. The billionaire businessman bought the A1-Ring in 2007 and redeveloped it and renamed it the Red Bull Ring. The circuit, located near the Austrian city of Graz, will play host to F1 for the first time in ten years a year from now. Mateschitz insists he hasn't received any special discount from Ecclestone, staunchly replying "no" when asked by SpeedWeek. But whilst all but one of the current 19-races receives state funding, the Austrian Grand Prix, like the British event, won't. Instead, he himself...
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10y ago from TheF1Times.com
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