Simplify the following text for a Grade 5 native English-speaking person.
Original: In the autumn of 2005 , Red Bull announced that they had purchased the Minardi Formula One team , and it would be known as Scuderia Toro Rosso ( Italian for Team Red Bull ) from 2006 onwards . Scuderia Toro Rosso ( STR ) operates as a separate team , but the two share certain technical resources .
Simplified: Red Bull also own another F1 team : Scuderia Toro Rosso .