Red Bull looking to buy English football club

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Austrian drinks company Red Bull are interested in buying an English club and transforming it in to a Champions League contender, reports the People.

Energy drink Red Bull already own an impressive array of sporting teams across a number of sports.

Most notably, they own two Formula 1 teams - Red Bull and Scuderia Toro Rosso - and the MLS side New York Red Bulls.

They also own football teams in Austria, Germany, Brazil and Ghana and are now reportedly looking to add a major English team to their portfolio.

Red Bull Salzburg's sporting director Ralf Rangnick, who was close to getting the Everton job ahead of Roberto Martinez in the summer, is heading up the search for the Austrian based billionaires.

Excitingly, their plan is not just to take the team over - inevitably rebranding them as well - but to turn them in to a dominating force in European football.

An insider in the deal said: “Red Bull want a team to take into the Champions League. It is the only market they have not reached yet. Ideally this would be in the London area, but both Everton and Liverpool interest them too because it would not take much to get them to that level.

“They have looked at the Championship, but you can spend fortunes there and not make any progress.”

Their remarkable success in Formula 1 has seen them win three straight driver championships with the help of Sebastian Vettel and only a minor miracle will see him miss out on a fourth.

Red Bull Salzburg are also currently top of the Austrian league, proving that under Red Bull ownership, success usually follows.

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