Minardi was an Italian automobile racing team and constructor founded in Faenza in 1979 by Giancarlo Minardi. It competed in the Formula One World Championship from 1985 until 2005 with little success, nevertheless acquiring a loyal following of fans. In 2001, to save the team from folding, Minardi sold it to Australian businessman Paul Stoddart, who ran the team for five years before selling it on to Red Bull in 2005 who renamed it Scuderia Toro Rosso.