Simplify the following text for a Grade 5 native English-speaking person.
Original: 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 .
Simplified: Then Stoddart sold the team to the energy drink company Red Bull in 2005 . Red Bull renamed the team Scuderia Toro Rosso .