Chinese to buy Red Bull stake

(GMM) A Chinese consortium may have switched its interest from Jordan to Red Bull, we can reveal. With the former team sold to naturalized Canadian Alex Shnaider, Mr. Jak Guo – the consortium's chief – is apparently now looking into buying a slice of the old Jaguar camp. Newly bought by Austrian energy drink magnate Dietrich Mateschitz, 'Red Bull Racing' might sell the Chinese an initial minority 10-25 per cent share for an undisclosed sum, we were told. Furthermore, part of the consortium's deal could involve on-car advertising space.

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