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Red Bull announce new $150mn crypto sponsorship deal
Following the name partner deal with Oracle that sees Red Bull stand to earn $500 million over the next five years, the team have now partnered with Bybit – another cryptocurrency company. The Singapore-based cryptocurrency exchange have signed with the Milton Keynes outfit in a deal worth $50 million a year for the next three years. Officially, they have been announced as a “principal partner” to Red Bull, and Christian Horner is understandably delighted with the big-money acquisition. “I’m delighted to welcome Bybit to the team,” he said in a statement. “It’s fitting too that, as we enter a new generation of competition of F1 in 2022, with an advanced and potentially...
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2y ago from Formula1News.co.uk
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