Toro Rosso, Red Bull’s second formula one team, is being sold.<\/p>\n
We reported last week rumours the Abu Dhabi government, already part-owning the Mercedes team through the investment vehicle Aabar, might be looking to buy another team.<\/p>\n
The rumours were triggered by Aabar’s new sponsorship of Faenza based Toro Rosso, originally Minardi, through its Swiss bank Falcon Private.<\/p>\n
Spain’s AS sports newspaper said Abu Dhabi, through its International Petroleum Investment Company (IPIC) and Spanish oil brand CEPSA, will indeed take over Toro Rosso “imminently”.<\/p>\n
IPIC chief Khadem Abdulla Al Qubaisi was seen at the most recent Spanish and Monaco grands prix.<\/p>\n
The report said the team’s cars will eventually be re-liveried in the red and white colours of CEPSA.<\/p>\n
AS said the deal “should be done during this season”, but the first step has already been completed in the form of a sponsorship with IPIC’s Falcon Private bank.<\/p>\n
The move could be good news for Jaime Alguersuari’s future, as Madrid-based CEPSA is thought keen on having a Spanish driver at the wheel.<\/p>\n
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