News Details

Red Bull sign a $150-Million Crypto tie-up with Bybit

Red Bull have signed a multi-year partnership with cryptocurrency exchange Bybit in what the Formula 1 team said was the largest annual crypto tie-up in international sport so far. The Milton Keynes-based team did not reveal a deal value in their statement issued on Wednesday but an informed source said it was worth $150-Million over three years with Bybit becoming the squad's 'principal team partner', a newly-created tier second only to 'title partner.' The Bybit deal comes after Red Bull unveiled software giant Oracle as their title sponsor last week in a deal sources told Reuters was worth $300 million over five years. The two together add up to $110 million a year, covering a...
Full Story »
4y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Red Bull signs ‘largest cryptocurrency deal in...

Red Bull Racing says it has signed the most lucrative cryptocurrency...
4y ago from MotorsportWeek.com

Red Bull Racing rakes in another multi-million dollar...

Red Bull Racing has signed another major sponsorship deal. From 2022, the...
4y ago from GPBlog.com

Red Bull secure another whopping sponsorship with Bybit

Red Bull are laughing all the way to the bank after Max Verstappen's 2021...
4y ago from PlanetF1.com

Red Bull announce record $150million deal

Red Bull has agreed a record-breaking deal with cryptocurrency exchange...
4y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Oliver Solberg crashes out of Rally Islas Canarias

Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...

Sebastien Ogier hangs on to Rally Islas Canarias lead...

Sebastien Ogier started Saturday with a relatively handy lead of 8.9...
18h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Declan Rice sets target for Arsenal after win over...

Arsenal midfielder Declan Rice has called for his teammates to work hard...
36m ago from SportsKeeda.com

‘He's struggling in the games' – Neville...

Mikel Arteta might be breathing a massive sigh of relief today, but the...
26m ago from CaughtOffside.com

Arteta issues Havertz injury update ahead of Premier...

Just as Arsenal fans thought their injury curses were finally lifting, the...
2h ago from CaughtOffside.com

'This could be a cracking deal for them' - Pundit tips...

Pundit Angelina Kelly has urged Arsenal to sign Manchester United loanee...
1h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.