Red Bull F1 clinches new $500M title sponsorship with Oracle

FILE - Red Bull Racing Team principal Christian Horner looks up during the qualifying session for the Japanese Formula One Grand Prix at the Suzuka Circuit in Suzuka, central Japan, Sept. 26, 2015. The Red Bull Formula One team has secured a new title sponsorship worth around $500 million with technology firm Oracle, placing it among the most lucrative commercial deals in sports. The five-year deal is a lift to the team ahead of the season beginning next month when Max Verstappen will be looking to defend his world title in a new Oracle Red Bull Racing car that was also revealed on Wednesday Feb. 9, 2022. (Yuriko Nakao/Pool via AP, file)

FILE - Red Bull driver Max Verstappen of the Netherlands, left, celebrates with Red Bull team chief Christian Horner, right, and his team in the pit lane after becoming F1 driver world champion after winning the Formula One Abu Dhabi Grand Prix in Abu Dhabi, United Arab Emirates, Dec. 12. 2021. The Red Bull Formula One team has secured a new title sponsorship worth around $500 million with technology firm Oracle, placing it among the most lucrative commercial deals in sports. The five-year deal is a lift to the team ahead of the season beginning next month when Max Verstappen will be looking to defend his world title in a new Oracle Red Bull Racing car that was also revealed on Wednesday Feb. 9, 2022. (AP Photo/Kamran Jebreili, File)