News > Red Bull name new title sponsor in $500m deal
Red Bull name new title sponsor in $500m deal
ESPN | 10/02/2022 11:18 AM | Click to read full article
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.
Financial details were not disclosed but a person familiar with the deal told The Associated Press it was worth around $100m a year. The person spoke on condition of anonymity to discuss confidential terms.
