Red Bull team owner Dietrich Mateschitz. AFP
Red Bull team owner Dietrich Mateschitz. AFP
Red Bull team owner Dietrich Mateschitz. AFP
Red Bull team owner Dietrich Mateschitz. AFP

Red Bull co-owner Dietrich Mateschitz dies on eve of US Grand Prix


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Red Bull co-owner Dietrich Mateschitz has died at the age of 78.

The Austrian billionaire, integral in Red Bull's involvement in Formula One, had been battling a long-term illness.

His death was announced to Red Bull staff before qualifying for Sunday's United States Grand Prix at the Circuit of Americas in Austin.

Mateschitz founded the energy drinks company in 1984. He bought the Jaguar F1 team 20 years later and renamed it Red Bull Racing the following season.

In 2010, Sebastian Vettel landed Red Bull's first F1 title before winning four in succession.

Red Bull driver Max Verstappen secured his second championship in a row at the Japanese Grand Prix earlier this month and the team is set to wrap up this season's constructors' championship this weekend.

“It is with great sadness that we learnt of Dietrich's death,” said Red Bull team principal Christian Horner.

“He was an incredible man and he loved Formula One.

“We owe him a great deal as a team, and what he would want more than anything is to see his two cars go out in qualifying today. My thoughts are with his family.”

Formula One boss Stefano Domenicali said: “I am deeply saddened by the news that Dietrich Mateschitz, a hugely respected and much-loved member of the Formula One family has passed away.

“He was an incredible visionary entrepreneur and a man who helped to transform our sport and created the Red Bull brand that is known all around the world.

“I will miss him greatly, as will the whole community in Formula One, and our thoughts and prayers are with his family, friends, and the Red Bull and AlphaTauri teams at this very sad time.” .

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

SPECS
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UAE currency: the story behind the money in your pockets
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

ESSENTIALS

The flights

Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.

The hotels

Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.

The tours

A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages. 

Updated: October 22, 2022, 11:17 PM