By Michael Lewis Editor

The Red Bulls are not for sale, says New York Red Bulls head of sport Jochen Schneider.

After the passing of Red Bull owner Dietrich Mateschitz last week, there has been speculation whether the New York Red Bulls or any of the other soccer teams with the same name could be sold.

Mateschitz died on Saturday. He was 78.

“We are very grateful what our owner has done for us, for the franchise, how he supported the club and also can say how he loved the club,” Schneider said in the MLS team’s end of the year media session on Zoom on Tuesday. “In all the meetings I have had with him, he especially expressed how much the club in New York means to him. We are so grateful for what he has done for us and.

“I’ve spoken to my colleagues in Europe and we will continue and work even harder to achieve most of success what we can reach with the New York Red Bulls. There’s no room for these speculations or rumors. So we will continue here like before and try to achieve them the maximum of success, especially for him.”

In 2006, Red Bull purchased the MetroStars from the Anschutz Entertainment Group for more than $30 million. Four years later, the team opened Red Bull Arena in Harrison, N.J.

Red Bull has teams in Salzburg, Austria, headquarters of the energy drink, in Leipzig, Germany, and Bragantino, Brazil.