Minardi confirms negotiations with Red Bull

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As earlier reported, Red Bull Racing Team has plans to buy the Minardi Team. Today, Minardi boss Paul Stoddart confirmed that he is in negotiations with Red Bull over a possible buy-out of the Formula One backmarker team.

Paul Stoddart "I had a positive talk with Red Bull last weekend, they have had a chance to look at things throughout the week and where they are now is really for them to say. There simply is nothing and I cannot speculate on what they might or might not do, but with it being Red Bull you wouldn't want to write them off because we are not talking about a total and utter timewaster.
We all know the reputation of Red Bull and it is a proper company, so you are not going to treat them the way you would someone who you didn't know who called you out the blue and said they have a bucket load of money.
Can (Red Bull boss) Dietrich Mateschitz do this deal if there is a deal and he wants to do it? Unequivocally yes. Does he want to do it? You have to ask him. The talk last weekend centred as much around drivers as it did around the team, and I have not seen any deals on the table at all, not from anyone, to even consider yet."

Christian Horner, Red Bull Racing boss refused to deny the interest but said:
"Minardi is a team that is for sale at the moment and inevitably there will be speculation but until it is reality it is not worth me speaking about it."