Paul Stoddart stated that he would sell Minardi if he could find the right buyer. Stoddart said he had 41 offers to buy the team. His conditions for a sale was the ability of a buyer to move the team forward and leave the team based in Faenza. The drinks manufacturer Red Bull already owned one Formula One team, Red Bull Racing. They decided to set up a second team. They would promote American drivers through its young driver program, the Red Bull Driver Search.