P1racenews AI automatic summary:
Red Bull and Bybit parted ways at the end of the 2024 F1 season and the Milton Keynes-based squad is seemingly wasting no time in finding a replacement.
Red Bull is in the process of finalizing a new sponsorship deal to replace its previous agreement with Bybit, a crypto trading company. The $50 million per season deal with Bybit was one of the biggest in F1 history, visible on the Red Bull car and driver suits. Following the end of the contract with Bybit in 2024, Red Bull is reportedly nearing a new partnership with Gate.io, another crypto company. In addition to these changes, Red Bull has announced new partners for the 2025 season, such as Avatrade and Neat, while promoting Liam Lawson to drive alongside Max Verstappen. Verstappen aims for his fifth consecutive drivers’ title as Red Bull seeks to reclaim the top spot in the constructors’ standings after finishing third last year.
