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.

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