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After Mateschitz’s death: This is how Red Bull Salzburg will continue

After Mateschitz’s death: This is how Red Bull Salzburg will continue

A club spokesman for the APA – Austria Press Agency said on the sidelines of the Champions League decider against AC Milan on Wednesday in Milan that they have a long-term contract with Red Bull. Similar signals could also be heard from Red Bull’s soccer division in Leipzig.

In Salzburg, Red Bull only acts as a sponsor, not as the operator. All special rights of Red Bull GmbH were removed from the statutes in 2015 – ten years after the takeover of the club by the Mateschitz Group. Among other things, this should ensure that both Salzburg and RB Leipzig can take part in UEFA European Cup competitions at the same time. Red Bull is the main shareholder of the German Bundesliga club.

FC Red Bull Salzburg GmbH, as the club is called in the company register, has spent more than 100 million euros per season almost continuously over the past five years. Due to a significant excess of transfer income over transfer expenses, the series champion has practically sustained itself in recent years. According to the annual financial statements as of June 30, 2021, equity amounted to EUR 89.4 million. However, all of this is based on the millions that Red Bull has invested in Salzburg and the academy in Liefering.

Significantly higher sums in Leipzig

In Leipzig, the beverage company recently paid significantly higher sums. Red Bull holds 99 percent of the shares in the German cup winner. In order to comply with the 50+1 rule of the German Bundesliga, however, the majority of the votes are held by the club. Red Bull founded the club in 2009 when it took over the license from SSV Markranstädt in the fifth division.

In Saxony, too, major financial repercussions are not expected after Mateschitz’s death. “I do not expect or fear any changes in the support from Red Bull. We will continue what has been built and developed here with the same passion and motivation in the future,” said managing director Oliver Mintzlaff of the German magazine “Sport Bild” (Wednesday -Output). He didn’t get any signals that anything was going to change.

Red Bull announced the death of company founder Mateschitz a week and a half ago. The billionaire was 78 years old. The Styrian also made the Red Bull brand big with his involvement in sports. In addition to Salzburg and Leipzig, there are also football teams in New York and Brazil. In Formula 1, Red Bull is represented by two teams with the world champion racing team Red Bull Racing and AlphaTauri, and in ice hockey with clubs in Salzburg and Munich.

Since it was founded in the mid-1980s, the company has been particularly active in extreme sports and with the support of individual athletes. How Red Bull’s sports commitments will continue after Mateschitz’s death is unclear in many areas. Mateschitz was managing director, but not the sole owner of Red Bull. The majority of the shares and numerous decision-making powers lie with the Thai entrepreneurial family Yoovidhya, which has not yet commented on the future.

Source: Nachrichten

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