P1racenews AI automatic summary:
Red Bull has cut ties with long-term crypto sponsor Bybit ahead of the 2025 Formula 1 campaign, ending a deal worth a reported $150 million.
In 2022, the Singaporean crypto exchange signed a three-year $150 million deal with Red Bull, which ended in 2024 and hasn’t been extended beyond its natural conclusion. The partnership was prominent on the RB20, with the Bybit logo displayed on the front and rear wings, except for the Chinese Grand Prix due to crypto restrictions. Despite Bybit becoming one of Red Bull’s major backers with a $50 million yearly deal, speculations arise about the fit with the Red Bull brand. Seeking to fill the gap left by Bybit, Red Bull introduced new partners for 2025, including online trading broker AvaTrade, with its logo appearing on the RB21 and on the race overalls of Max Verstappen and Liam Lawson. Neat, a video conferencing equipment company, will also feature on the RB21 car, pit crew helmets, and track displays as Red Bull’s technology partner. Expectations are high for more partnerships to be revealed at the team’s livery presentation on February 18, showcasing the exciting opportunities in the 2025 F1 season.
