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Mateschitz eyes title sponsor for Red Bull Racing

Dietrich Mateschitz has revealed he might sell the naming rights to his top formula one team Red Bull.

The Milton Keynes-based team is leading the constructors’ championship, while Mark Webber and Sebastian Vettel are atop the drivers’ standings, after the RB6 proved the dominant car after six races in 2010.

“As soon as Red Bull Racing is recognised as an established team, a title sponsor could be possible,” Austrian billionaire Mateschitz told the Sunday Express.

The British tabloid said Mateschitz, 66, favours 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 organisation,” insisted Whitmarsh.