Owner clarifies
Red Bull trouble in Turin: “Have no intention of …”
The owner of Italian first division soccer club FC Torino, Urbano Cairo, has denied media reports that he is negotiating talks with Red Bull to buy a stake in his club.
"I have no intention of selling my club," said Cairo in a press release. He thus denied reports in the Turin daily newspaper "La Stampa" (Monday edition) that he had met employees of Red Bull's CEO Mark Mateschitz.
Mayor intervenes
The mayor of the city of Turin, Stefano Lo Russo, also denied contacts with the Red Bull company, which according to "La Stampa" is interested in the possible privatization of the Stadio Olimpico. The concession for the use of the stadium expires at the end of 2025 and no decision has yet been made regarding the future of the arena, Lo Russo said on Tuesday.
Red Bull did not want to comment on the reports about the alleged interest in the club. The group signed a one-year sponsorship agreement with Torino, Valentino Lazaro's club, in September.
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