Connect with us

Latest F1 News

Mateschitz donates EUR 70m to research university

Published

on

(GMM) F1 team owner Dietrich Mateschitz has donated a staggering EUR 70 million to a medical research university in his native Austria.

The local ‘Salzburg 24’ reports that the 67-year-old billionaire, whose energy drink company owns the Red Bull and Toro Rosso teams, donated the money to the Paracelsus Medical University.

Mateschitz reportedly wants the money to be used for research into incurable spinal injury and paralysis.

The report said the university was founded in 2002 with Mateschitz’s support.

“This is the third highest amount ever donated to a university in Europe by a private person,” said a university official.

“We are very grateful and also aware of the great responsibility that comes with such a high sum.”

The Spanish press quoted the publicity-shy Mateschitz as saying: “It is a very worthy project and I want to help.”

Comments

Latest Results




Latest F1 News

2018 F17 hours ago

Leclerc to Ferrari, Raikkonen to Sauber for 2019 F1

Sauber F1 team chief Fred Vasseur has not ruled out the proposal that a swap deal with Ferrari that would...

2018 F113 hours ago

Verstappen beats Hamilton to top spot in German GP practice

1ShareMax Verstappen was fastest in second practice in German Grand Prix, the Dutchman kept Red Bull Racing’s striking form at...

2018 F118 hours ago

Practice 1 Results: German Grand Prix

70Shares2018 German Grand Prix Practice 1 Results (FP1): First free practice results and Timings (FP1) for the eleventh round of...

2018 F119 hours ago

Bottas signed, Mercedes completed its driver line-up for 2019

230SharesValtteri Bottas has signed a new one-year contract extension with Mercedes, his team Mercedes have officially announced. It follows Mercedes...

2018 F120 hours ago

We are not negotiating with Kubica – Haas F1

1ShareGunther Steiner has rejected speculation Haas might sign up Robert Kubica for 2019. Pole Kubica is the reserve driver at...

2018 F121 hours ago

The F1 Silly Season: Who will be driving where for 2019 F1?

4SharesWith the German Grand Prix spotted the midway point in the 2018 Formula 1 Season, it now feels like the...

2018 F12 days ago

F1 should be a dictatorship – Berger

11SharesFormula one needs to return to its days as a dictatorship. That is the view of Gerhard Berger, the F1...

2018 F12 days ago

We have great confidence in Honda – Red Bull

1ShareChristian Horner remains confident Honda is the right move for Red Bull. The Red Bull boss said that at Silverstone...

2018 F12 days ago

F1 steward Mika Salo admits Ferrari penalties controversy

11SharesF1 steward Mika Salo has acknowledged the controversy over penalties given to Ferrari drivers in recent races. After Sebastian got...

2018 F12 days ago

McLaren, Williams, admit need for change

81SharesAn anonymous engineer says struggling once-great F1 teams Williams and McLaren need to make sweeping changes. Both British teams have...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media