P1racenews AI automatic summary:
A long-term deal to extend a key F1 sponsor for the Red Bull teams.
Red Bull and Racing Bulls have announced a long-term extension of their sponsorship deal with Visa. Visa joined Red Bull’s sponsors ahead of the 2024 season and became one of two title sponsors of the team, now known as ‘Visa Cash App Racing Bulls.’ The deal also includes Visa’s support for the F1 Academy, Red Bull showcar team events in various cities, and the partnership is praised for its collaborative effort and mutual success by Red Bull’s chief commercial officer. Visa’s chief marketing officer emphasized the extraordinary momentum and shared ambition between the two companies at the intersection of sport, culture, and commerce. The renewed partnership aims to leverage the global platform of both Red Bull Formula 1 Teams to connect with fans, clients, and cardholders in authentic ways across the sport.
