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Red Bull-Oracle partnership reportedly worth half a billion dollars
Red Bull have announced that Oracle will become the team’s title sponsor from 2022 onwards. The news was officially announced during Red Bull’s unveiling of their new car for this season, and the new deal penned with the tech company is worth $100 million a year for the next five years, according to the Associated Press. This makes it one of the most lucrative partnerships in the pinnacle of motorsport. Team principal, Christin Horner, has accredited Max Verstappen’s maiden championship success in 2021 partially to the logistical assistance Oracle gave them as a regular sponsor. “Oracle Cloud enabled us to make race-day decisions that helped Max Verstappen win the 2021...
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3y ago from Formula1News.co.uk
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