Mateschitz buying Salzburgring for €3 million

More details about Red Bull mogul and billionaire Dietrich Mateschitz's latest motor racing acquisition have emerged.

Last September, we reported that Mateschitz, already the owner of the F1 circuit in Spielberg, is adding another Austrian track to his collection.

"I can confirm that," said a spokesman for the Salzburgring, a 4.2km circuit east of Salzburg that hosted MotoGP until 1994. Kronen Zeitung, an Austrian newspaper, now has the details.

Mateschitz, 71, is buying the circuit with his company Distribution and Marketing, of which he is the 100 per cent owner.

"Currently we are still working on the last details of the contract, which is legally very complex," said a representative of the Salzburg authorities.

Kronen Zeitung said the agreed price is about EUR 3 million.