Red Bull F1 clinches new $500M title sponsorship with Oracle
MILTON KEYNES, England: 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. The five-year deal is a lift to the team ahead of the season beginning next month when Max Verstappen will be looking to defend his world title in a new Oracle Red Bull Racing car that was also revealed on Wednesday. Financial details were not disclosed but a person familiar with the deal told The Associated Press it was worth around $100 million a year.


