Red Bull owner Dietrich Mateschitz has revealed his team could quit Formula 1, as he is not happy with how the sport is run.

Mateschitz has confirmed his displeasure at Daniel Ricciardo's disqualification from the Australian Grand Prix for breaking fuel limits, and is sceptical of the new rule changes.

He said: "The question is not so much whether it makes economic sense to continue but the reasons would be to do with sportsmanship, political influence, and so on.

"In these issues there is a clear limit to what we can accept."

Whilst not necessarily a threat to pull out of the grid imminently, Mateschitz's comments were in response to an Austrian newspaper enquiring what it would take for Red Bull to quit.

In reference to Ricciardo's controversial Australian GP woes, the owner was cool on the chances of his driver being reinstated to 2nd on the grid.

He said: "The team has lodged a protest. The fuel-flow sensor, which was given to the teams by the federation, gave divergent readings and it is inaccurate. We can prove the exact amount of fuel flow and this was always within the limits."

Billionaire Mateschitz - the 134th richest man in the world - also criticised the new format of F1, both in terms of the use of a fuel limit and in the sound produced by the turbo hybrid engines, which have been widely criticised for their dull, droning noise.

He said: "You have to make F1 like it used to be - the top discipline of motorsports".

"F1 is not there to set new records in fuel consumption, nor to make it possible to have a whispered conversation during a race.

"It is absurd to race a lap seconds slower than last year. GP2 partially provides more racing and fighting and almost equal lap times as F1 with a small fraction of the budget."

Red Bull have toiled so far in the wake of the rule changes, with their Renault engines a way off the pace-setters at Mercedes, as reflected by tthe team's failure to score a point in the opening grand prix of the season.

The Austrian team's struggles look likely to end a four-year spell of dominance, with consecutive Constructors' Championship wins between 2009 and 2013, and 41 race victories that led to Sebastian Vettel's successive championship wins during the same period.