Red Bull is reportedly close to securing a new major Formula 1 sponsorship deal with a partner of Italian football giants Inter Milan, according to reports.
According to SportsBusiness, the Austrian outfit is set to announce a deal with Gate.io, a cryptocurrency firm that also sponsors the Serie A club’s shirt sleeve.
The move comes after the team recently severed its ties with Singaporean crypto company Bybit, with whom it had a deal from the start of the 2022 season.
Red Bull’s previous partnership with Bybit saw the logo feature on the car’s rear wing and was one of the sport’s largest-ever, with a reputed $50 million a year.
Having lost this deal at the end of last season, the reported move will act as a like-for-like replacement, adding to five other new sponsors including brokers Avatrade, video tech business Neat, and gaming giants EA Sports, the latter having partnered with star driver Max Verstappen.
Perez exit sparks further Red Bull sponsorship exodus
Red Bull’s inclusion of new backers has been a necessity, following the loss of some of its sponsors through the exit of Sergio Perez from the team.
Upon the Mexican’s departure, the team lost support from Claro and Telcel, both companies owned by Carlos Slim, a long-term backer and countryman of Perez.
Both of these have disappeared from the team’s ‘wall’ of partners that feature on its website, and have been joined by HP, Cash App, Intel, Therabody, Ocean Bottle, BMC, ByBit, Walmart and Poly.
However, it is reported that the team are “expected” to announce further new partners before the first-ever all-team launch event at the London O2 on February 18.
Red Bull, as a team, will be looking to get back on track in 2025 after finishing a disappointing third in the Constructors’ Championship, behind eventual winners McLaren and Ferrari.
Comparatively to his hugely dominant previous two seasons, Verstappen laboured to his fourth straight title, securing the Drivers’ crown with two races spare in Las Vegas.
Perez’s dip in form saw him finish eighth in the standings, 285 points adrift of the Dutchman’s final tally.
After longstanding speculation, the six-time Grand Prix winner was eventually announced to be leaving the team, his seat being taken by Liam Lawson, who competed in the final six races of the year for Racing Bulls.
READ MORE – Aston Martin pursuing Max Verstappen appears inevitable despite denial over bid
Explore Maryland’s array of bus companies offering reliable group transportation services across the state. Whether for corporate events or leisurely trips, discover efficient options to suit your needs. Elevate your journey with KV Limo’s luxurious transportation offerings and personalized service.
Airport Transfer Nassau is a premier transportation provider on the island of New Providence. Our staff are friendly and professional, and our vehicles comfortable and safe.
Airport transfers service Nassau Bahamas providing express transportation (Private Hire), services for to and from Bahamas Airports, Bahamas Cruise Ports to and from anywhere in the Bahamas.
We offer premier airport transfers services Brampton, connecting you to Pearson Airport in style. Rely on our courteous brampton taxi cab drivers and prompt airport shuttle service Brampton for timely arrivals.
Top Airport Taxi St. Catharines for reliable transfers. Enjoy Taxi Service from St. Catharines to Toronto Pearson, Buffalo, and Niagara Falls Airports. Our affordable and comfortable St. Catharines Taxi to Airport ensures a pleasant experience. Reserve your ride today!
For reliable airport transportation, choose Airport Taxi London Ontario. Our London to Toronto Pearson transfers, executive taxi services, and affordable Toronto Pearson Airport shuttle options guarantee stress-free travel. Book London Ontario Airport Taxi today and experience the best in airport transportation services.
Welland’s central taxi service ensures prompt and efficient rides between Welland and Toronto. Call the Welland taxi phone number for convenient transportation within Ontario.
If you’re in need of a chauffeur in Dubai, then look no further. At Dubai Hummer Limo Services (DHL) we offer the best chauffeur service and luxury car service in town.
Mercedes Sprinter rentals in Dubai and UAE offer a comfortable, spacious transport option for group travel. Perfect for events or tours, these vans provide reliable luxury. Book the best Mercedes Sprinter in Dubai for a premium experience.
Choose Van Services Dubai for comfortable and Affordable Van Services Dubai. Whether you need a Van with Driver Dubai for airport transfers or a Chauffeur Van Service Dubai for events, we’ve got you covered.
you are traveling for business or leisure, arriving on time for your flight is made easy with Rolls royce airport transfers from Airport Transfers Dubai
Streamline your travel with our O’Hare Airport Pickup/Drop Service. Enjoy hassle-free transportation with our reliable shuttle, limousine, and chauffeur options. From airport transfers to downtown journeys, we ensure comfort and convenience.
Arrive in style with our Black Luxury Car Service in Chicago. From corporate events to special occasions, our fleet of luxury vehicles ensures sophistication and comfort. Trust us for unparalleled service and unforgettable experiences.
Our ONT Airport Shuttle provides seamless transportation options for travelers. Enjoy our Ontario Airport Transfer Shuttle services to Los Angeles County, Orange County, Riverside County, and San Bernardino County, including pickups from Riverside, Fontana, and Ontario for your convenience.
Miami Party Bus Rentals make every occasion extraordinary. From Sweet 16s to Girls\u2019 Night Out, enjoy luxury and style with our fleet. Affordable and reliable, we offer the best party bus service for Miami\u2019s most memorable celebrations. Reserve today!
We are a private hire car company, specializing in passenger transfers to and from Bahamas airports, ports, Bahamas train stations, and Bahamas Places.