Jan.4 (GMM) Boss Franz Tost has denied the latest reports about the likely sale of the Faenza based team Toro Rosso.

It has long been rumoured that Red Bull mogul Dietrich Mateschitz wants to sell the energy drink company's second team.

The Swiss newspaper Blick on Monday reported that Toro Rosso is set to be bought by Arab investors.

"There is no truth in that story," Tost told the German website motorsport-magazin.com.

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