P1racenews AI automatic summary:
Visa Cash App RB CEO Peter Bayer has explained the genesis behind the team’s controversial new name, and how it links to Dietrich Mateschitz.
The new VCARB, unveiled in Las Vegas by drivers Daniel Ricciardo and Yuki Tsunoda, has been met with criticism due to its name, with the AlphaTauri name disappearing after 2023. The confusion arises from whether the ‘RB’ stands for Red Bull or Racing Bulls, but the team’s CEO, Bayer, explained that the name came about to bring back the bull and RB identity within the Red Bull family. The company had to change everything, including the company name and tax office, to accommodate the new name. Despite the criticism, the team has secured partnerships with Visa and Cash App, making their sponsorship deals quite impressive.
