Red Bull F1 clinches new $500M title sponsorship with Oracle

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THE RED BULL FORMULA ONE TEAM HAS SECURED A NEW TITLE SPONSORSHIP WORTH AROUND $500 MILLION WITH TECHNOLOGY FIRM ORACLE, PLACING IT AMONG THE MOST LUCRATIVE COMMERCIAL DEALS IN SPORTS.

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who is red bull's new sponsor?

Red Bull recently secured a new title sponsor. The sponsor is none other than the Tech giant, Oracle.

 

more details about the sponsorship

It is a 5-year deal worth 500 million USD, with 100 Million USD a year.

what advantage does it give red bull?

With the new 145 million budget cap, the Oracle deal will be a means to stretch that budget cap further.

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