Mateschitz eyes title sponsor for Red Bull Racing
"As soon as Red Bull Racing is recognized as an established team, a title sponsor could be possible," Austrian billionaire Mateschitz told the Sunday Express.
The British tabloid said Mateschitz, 66, favors a luxury goods brand for a sponsor deal that could bring in about $38 million.
Team boss Christian Horner said in Monaco last weekend that Red Bull currently doesn't "quite have the resource of the more established teams".
But McLaren and FOTA chief Martin Whitmarsh isn't sure.
"I think that whatever the level of funding, and I don't know the funding, in terms of resources, the larger teams are pretty similar," he said.
"Red Bull is a well funded, well structured, well led organization," insisted Whitmarsh.