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Red Bull announce Oliver Mintzlaff will oversee their F1 team following the death of Dietrich Mateschitz as part of a restructure... after the former RB Leipzig CEO was linked with the sporting director role at Chelsea

Former RB Leipzig CEO Oliver Mintzlaff is set to oversee Red Bull's F1 team as part of a restructure following the death of founder Dietrich Mateschitz.

Austrian billionaire Mateschitz co-founded energy drink company Red Bull and was the owner of the Formula One team, who won the constructors championship this year, while Max Verstappen also won his second successive world championship.

Mateschitz, who was CEO of the whole Red Bull operation, passed away during the race weekend in Texas for the United States Grand Prix last month after battling illness for a long period.