Red Bull will not be selling its second Formula One team AlphaTauri, team principal Franz Tost confirmed.
Reports Germany over the weekend suggested Red Bull's senior management was considering the sale of the team or a relocation from their current base in Faenza, Italy to Milton Keynes, England.
However, a sale has been ruled out in a statement issued by Tost on Wednesday.
"I had some very good meetings with Oliver Mintzlaff [Red Bull's CEO of corporate projects and new investments], who confirmed that the shareholders will not sell Scuderia AlphaTauri, and that Red Bull will continue supporting the team in the future," he said.
"All these rumours have no foundation, and the team has to remain focused for the start of the season to perform better than last year."
Red Bull has owned AlphaTauri – previously known as Toro Rosso – since 2006 and serves as a steppingstone to the senior team for younger drivers.
Speculation of changes across the F1 grid are ever present, with Audi set to take over naming rights of Sauber next season before becoming an official factory team in 2026.
Porsche are also looking to join their sister company the same year, while American motorsport giants Andretti have confirmed their desire to enter F1.
Statement from Franz Tost pic.twitter.com/gajaZHrRun— Scuderia AlphaTauri (@AlphaTauriF1) March 1, 2023