Mark Mateschitz, son of Red Bull's late founder Dietrich Mateschitz, has acquired the extraordinary Formula 1 car collection put on the market by former F1 supremo Bernie Ecclestone.
The 94-year-old Ecclestone, who once steered the sport's helm, explained his decision to offload the 69-vehicle haul—worth a fortune in the hundreds of millions—to the Telegraph newspaper.
"With a bit of luck I might get two or three more years and I don't want to leave all this for Fabiana to sort," he said.
"I'm still more or less in control, so I can do what I like. Maybe in another year I won't be able to."
The exact sum spent by Mark Mateschitz, inheritor of his father's energy drink dynasty, remains under wraps.
But Tom Hartley Jr, the dealer tasked with brokering the blockbuster deal, boasted: "By several multiples it is the biggest sale price ever achieved.
"We received offers from all over the world, including from two separate sovereign wealth funds. But I do feel the collection has gone to the best home, and to the buyer which Bernie most favoured."
