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.
Max
Red Bull recently secured a new title sponsor. The sponsor is none other than the Tech giant, Oracle.
It is a 5-year deal worth 500 million USD, with 100 Million USD a year.
With the new 145 million budget cap, the Oracle deal will be a means to stretch that budget cap further.