Know everything about the new sponsorship deal between Oracle and Red Bull Racing as we gear up for the new Formula 1 season along with the car and shirt
Technology giants Oracle have struck a multi-year deal with Red Bull Racing worth $100 Million annually for 5 years. Red Bull was previously using the data provided by Oracle to run tests and algorithms to increase the power of their engines. This new deal will provide a lucrative opportunity for both the party’s to excel in the sport and will increase the market share of both companies.
F1 2022: Partnership Between Oracle And Red Bull Racing With New Sponsorship Deal For Title, Shirt, Car
It is one of the most expensive sponsorship deals in motor racing and in any other sport. On the other hand, their direct rivals Mercedes make $75 Million annually on their sponsorship deal with Malaysian Oil Giant Petronas, according to Forbes.
โOracle Red Bull Racingโ โ We like the sound of that! ๐
โHaving Oracle as our title partner shows the confidence we have in their expertise and their ability to deliver a true competitive advantage.โ https://t.co/HV2abx88Qj pic.twitter.com/EAXpJIynCf— Oracle (@Oracle) February 9, 2022
Max Verstappen – Oracle Red Bull Racing RB18
Jos Verstappen – Oracle Benetton B194 #F1 pic.twitter.com/M1CADpBIq4
— Mark Gallagher (@_markgallagher) February 9, 2022
The new Red Bull driver suits revealed, as Oracle becomes the team's new title sponsor.
Honda stays on the suit on the drivers' left arm under the HRC marquee.#F1 #HRC #RedBull pic.twitter.com/Nzp7LnmA71
— Decalspotters (@decalspotters) February 9, 2022
"This is @Oracle stepping up to become title sponsors to become Oracle @redbullracing"
Oracle and Red Bull Racing have enhanced their partnership and are introducing a new Team name, Oracle Red Bull Racing, as well as the Teamโs new car for the upcoming season, the RB18. #F1 pic.twitter.com/XP77XNX3gN
— Mobil 1 The Grid (@Mobil1TheGrid) February 9, 2022
Red Bull boss Christian Horner said-
โWeโre all about speed and the speed of response. โWeโre pushing the Oracle technical guys. But theyโre responding in the best possible way. And thatโs what makes this partnership very exciting. โWeโve got a brand new set of regulations, a new technical challenge.
Oracle and Red Bull have come together and agreed on a new 5-year deal worth $500 Million as we gear up for the new Formula 1 season. Red Bull unveiled the new RB18 with the new title sponsor name on the back of the car.
US-based software technology company Oracle will be the new title sponsor of Red Bull Racing will enter this Formula 1 season under a new name of “Oracle Red Bull Racing”. It will be interesting to see how both the companies collide and defend their title against the quick Mercedes engines.
๐จ | Oracle Red Bull Racing reveal their challenger for the 2022 F1 season pic.twitter.com/fvUYpXazXu
— formularacers (@formularacers_) February 9, 2022
The RB18 looks absolutely stunning and the fans are eager to witness the Dutchman pushing the car to its limits. Meanwhile, Red Bull are hopeful this season with the additional funds which fall under the new season cost cap of $201 million for F1 teams.
Red Bull and Oracle have made a formidable pairing that allows them to run diagnostics on the engine and optimize its power to reach its full potential.
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