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A three-year deal reportedly worth $150 million has come to an end for Red Bull.
Red Bull’s three-year sponsorship deal with cryptocurrency firm Bybit has come to an end as it was removed from the team’s official sponsors list. Bybit had initially signed a $150 million USD contract with the Milton Keynes-based squad for $50 million USD per year. The team’s title partnership with Oracle, valued at up to $100 million annually, remains unchanged. Despite ongoing discussions, Bybit and Red Bull Racing could not reach a new agreement. Red Bull recently announced new sponsors Avatrade and Neet towards the end of the 2024 season, with more anticipated additions before the start of the 2025 season.
