Red Bull christens own football team

The Austrian energy drink manufacturer Red Bull has bought the New York New Jersey Metrostars soccer team and renamed it Red Bull New York. Red Bull will also build a new stadium, the Red Bull Arena. The stadium is due to be completed in 2008. This means that Red Bull now owns the second soccer club in Austria alongside Red Bull Salzburg. In addition to football, Red Bull is also investing in extreme sports and Formula 1.