Red Bull Racing faces big changes ahead of the 2025 Formula One season, with the loss of a major sponsorship deal valued at $150 million amid changes to its tea
faces big changes ahead of the 2025 Formula One season, with the loss of a major sponsorship deal valued at $150 million amid changes to its team lineup. The partnership with Bybit, a cryptocurrency exchange, ended unexpectedly, impacting Red Bull's sponsorship portfolio.
Perez, who had been with the team since 2021, saw his contract cut short following a lackluster season where he trailed Verstappen by 285 points. Consequently, Liam Lawson, an up-and-coming talent from Red Bull’s sister team, has been picked as his successor for the 2025 season. Sponsorship changes have added another layer of complexity to Red Bull's preparations for the upcoming season. Bybit, the Singapore-based cryptocurrency company that played a major role financially since 2022, cutting ties with Red Bull has removed a significant stream of revenue. The sponsorship, worth $150 million over three years, has come to an end.
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