Red Bull Racing And Software Giant Oracle Confirm A Multi-Year Title, Shirt And Car Sponsorship Deal Worth $500 Million

Red Bull Racing And Software Giant Oracle Confirm A Multi-Year Title, Shirt And Car Sponsorship Deal Worth $500 Million

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.

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Red Bull boss Christian Horner said-

โ€œWeโ€™re all about speed and the speed of response. โ€œWeโ€™re pushing the Oracle technical guys. But theyโ€™re responding in the best possible way. And thatโ€™s what makes this partnership very exciting. โ€œWeโ€™ve 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.

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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.

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.

ALSO READ:ย Explained F1 Budget Cost And Salary Cap 2022 And What It Means For Formula One Teams

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