Red Bull GM Jay Frye hopeful

Updated: June 21, 2011, 9:56 PM ET
By Terry Blount | ESPN.com

Jay Frye, vice president and general manager for Red Bull Racing Team, said Tuesday he is optimistic that he can line up investors to keep the organization intact for the 2012 season.

Red Bull, which sponsors the two RBRT Sprint Cup cars and owns the team, announced Monday that it was leaving NASCAR after the 2011 season.

"We have talked to some people who have great enthusiasm about what we're doing," Frye said on a conference call. "We believe we can put something together rather quickly in 30 to 45 days. But the process has just started.

"We had a lot of inquires yesterday. The goal is to keep the Red Bull team continuing on the path it's on."

Frye said he couldn't get specific about ongoing negotiations. He said he learned a few weeks ago that Red Bull might pull out of the sport.

"It comes down to a business decision," Frye said. "That's how this all played out. It's just a change in strategy. The good news is we have time to react."

Red Bull entered Sprint Cup in 2007 with Toyota. RBRT has had limited success in five seasons, winning only one race in 2009 with Brian Vickers, when he made the Chase playoff.

"This team competes at a high level every week," Frye said. "It has a lot of great people, a lot of great assets. So a lot of people are looking to invest in what we've done."

Red Bull also has a Formula One team that won the championship last season with driver Sebastian Vettel, who is on pace to win the title again in 2011.

Frye said it's possible Red Bull could stay involved in the team in some capacity in the future.

Terry Blount is a senior writer for ESPN.com.

Terry Blount

ESPN Seattle Seahawks reporter

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