Adapted from GMM
Spanish oil company Cepsa is not buying Toro Rosso, team boss Franz Tost insisted ahead of the Italian grand prix.
Before arriving at Monza, the Red Bull-owned team confirmed new sponsorship deals with Cepsa as well as Nova Chemicals , which is also linked with Abu Dhabi's International Petroleum Investment Company (IPIC).
IPIC is also linked with Aabar, the part-owner of Mercedes GP, triggering speculation Toro Rosso might also be changing hands.
The rumours said Abu Dhabi wants to relaunch Toro Rosso as 'Team UAE' (United Arab Emirates) and relocate it from Faenza to Abu Dhabi's Yas circuit.
According to The National newspaper, Franz Tost insisted: "These companies are sponsors, not investors or shareholders in the Toro Rosso team."
He said the Yas relocation stories are "fanciful" not only for logistical reasons but because Toro Rosso has "already started" to upgrade its existing factory.
The fact that the logos of the Spanish oil company Cepsa have been added to the livery of the STR6 this weekend was interpreted by some as good news for Jaime Alguersuari.
The 21-year-old Spaniard, as well as his Swiss teammate Sebastien Buemi, are under pressure by Toro Rosso's owner Red Bull to prove they should not be replaced for 2012 by Daniel Ricciardo.
"It's good that they (Cepsa) have come along, because the team needs the money. But I don't think they have come for me, they have come for Toro Rosso because we are a young team with huge potential," Spanish media reports quote Alguersuari as saying at Monza.
And Franz Tost told The National newspaper: "Jaime's future with the team is exactly the same as it was before Cepsa came on board."
Spanish oil company Cepsa is not buying Toro Rosso, team boss Franz Tost insisted ahead of the Italian grand prix.
Before arriving at Monza, the Red Bull-owned team confirmed new sponsorship deals with Cepsa as well as Nova Chemicals , which is also linked with Abu Dhabi's International Petroleum Investment Company (IPIC).
IPIC is also linked with Aabar, the part-owner of Mercedes GP, triggering speculation Toro Rosso might also be changing hands.
The rumours said Abu Dhabi wants to relaunch Toro Rosso as 'Team UAE' (United Arab Emirates) and relocate it from Faenza to Abu Dhabi's Yas circuit.
According to The National newspaper, Franz Tost insisted: "These companies are sponsors, not investors or shareholders in the Toro Rosso team."
He said the Yas relocation stories are "fanciful" not only for logistical reasons but because Toro Rosso has "already started" to upgrade its existing factory.
The fact that the logos of the Spanish oil company Cepsa have been added to the livery of the STR6 this weekend was interpreted by some as good news for Jaime Alguersuari.
The 21-year-old Spaniard, as well as his Swiss teammate Sebastien Buemi, are under pressure by Toro Rosso's owner Red Bull to prove they should not be replaced for 2012 by Daniel Ricciardo.
"It's good that they (Cepsa) have come along, because the team needs the money. But I don't think they have come for me, they have come for Toro Rosso because we are a young team with huge potential," Spanish media reports quote Alguersuari as saying at Monza.
And Franz Tost told The National newspaper: "Jaime's future with the team is exactly the same as it was before Cepsa came on board."