
Red Bull Racing, generally known as RBR, is one of two Formula One teams owned by Austrian beverage company Red Bull, along with Scuderia Toro Rosso. RBR became a constructors' champion in 2010, as they won both the constructors' championship and the drivers' championship, with German Sebastian Vettel. RBR is the first Austian team ever to become a world champion. Although RBR's base is set in Milton Keynes in United Kingdom, they hold an Austrian license. The current Red Bull team can trace its origins back to the Stewart Grand Prix outfit that made its debut in 1997. Ford bought the team from Jackie Stewart, in the late 1999 and renamed it to Jaguar Racing. The Jaguar Racing Formula One constructor and racing team was put up for sale in September 2004 when the Ford Motor Company, decided it could "no longer make a compelling business case for any of its brands to compete in F1. Red Bull decided to buy Jaguar racing, on 15 November 2004, resulting in a name change to "Red Bull Racing". The team started racing using a Cosworth engine, with Christian Horner as the new Team boss and David Coulthard and Christian Klien as drivers. Red Bull company also runs a young drivers program, Red Bull Junior Team, where Red Bull sponsors promising young drivers. Red Bull also sponsors many drivers and teams competing in the GP2 Series, Formula One's "feeder" series. Red Bull Racing also signed the Concorde Agreement starting in 2008, guaranteeing its long-term involvement in Formula One, and they were the 4th Formula one ever to do so. However, more recently more teams repeated this, securing the future of Formula One.

