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Red Bull Racing


 

Red Bull Racing is a Formula One team owned by Austrian beverage company Red Bull. The team is managed by Christian Horner, boss of the Arden International F3000 team. Red Bull purchased Jaguar Racing, when the team's parent company Ford announced their withdrawal from Formula One at the end of the 2004 season, for an amount reputedly as high as $110 million (although some reports suggest Ford gave the team away for free in order to avoid costly obligations in the Concorde Agreement, which imposes fines on companies that fail to field two cars).

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