News Details

Red Bull sign a $150-Million Crypto tie-up with Bybit

Red Bull have signed a multi-year partnership with cryptocurrency exchange Bybit in what the Formula 1 team said was the largest annual crypto tie-up in international sport so far. The Milton Keynes-based team did not reveal a deal value in their statement issued on Wednesday but an informed source said it was worth $150-Million over three years with Bybit becoming the squad's 'principal team partner', a newly-created tier second only to 'title partner.' The Bybit deal comes after Red Bull unveiled software giant Oracle as their title sponsor last week in a deal sources told Reuters was worth $300 million over five years. The two together add up to $110 million a year, covering a...
Full Story »
3y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Red Bull signs ‘largest cryptocurrency deal in...

Red Bull Racing says it has signed the most lucrative cryptocurrency...
3y ago from MotorsportWeek.com

Red Bull Racing rakes in another multi-million dollar...

Red Bull Racing has signed another major sponsorship deal. From 2022, the...
3y ago from GPBlog.com

Red Bull secure another whopping sponsorship with Bybit

Red Bull are laughing all the way to the bank after Max Verstappen's 2021...
3y ago from PlanetF1.com

Red Bull announce record $150million deal

Red Bull has agreed a record-breaking deal with cryptocurrency exchange...
3y ago from GPFans.com

Elsewhere On The Network

Popular On MGPToday.com

Aprilia preparing test for Jorge Martin ahead return...

Aprilia is prepared to organise a special test for MotoGP World Champion...
12h ago from MotorsportWeek.c...

Jorge Martin continues dispute with Aprilia over 2026...

Reigning MotoGP World Champion Jorge Martin has continued his 2026...

Popular On IndyCarToday.com

RLL having to ‘unwind’ and ‘backtrack’...

Rahal Letterman Lanigan Racing is making a concerted effort to move...

IndyCar will not return to Thermal Club in 2026...

According to comments made by Thermal Club founder and owner Tim Rogers,...

Malukas’ recovery drive secures Foyt’s best team...

During Sunday’s IndyCar race at Road America, David Malukas was the...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal will look to improve squad if they can offload...

Arsenal will only dip into the transfer market for a left-sided attacker...
2h ago from SportsKeeda.com

Fabrizio Romano: Arsenal have completed deal for...

After completing the signing of Kepa earlier this week, Arsenal have now...
3h ago from FreshArsenal.com

'Would be going against the grain of what Chelsea are...

Former Chelsea defender Frank Sinclair reckons the Blues would be making a...
4h ago from SportsKeeda.com

Arsenal handed boost as top target set to reject...

Valencia centre-back Cristhian Mosquera, an Arsenal target, will...
6h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.