At this point Horner was looking for an opportunity to move into Formula One. After discussions with Eddie Jordan regarding buying Jordan Grand Prix came to nothing due to disagreements over costs, in November 2004 the Austrian energy drink company, Red Bull, purchased Jaguar F1 Team, which became Red Bull Racing. In January 2005, Horner was appointed to head the team, becoming the youngest team principal at the time. Despite being appointed only eight weeks before the season-opening Australian Grand Prix, the team got off to a good start under his stewardship, with drivers David Coulthard and Christian Klien finishing fourth and seventh in Australia, and they went on to score a total of 34 points for the team compared to the nine taken by Jaguar the previous year. He also played a key role in recruiting Adrian Newey, who was announced as the team's chief technical officer in November 2005.