Does WhatsApp sponsor Mercedes F1?
Around the time of the inaugural F1 Heineken Silver Las Vegas Grand Prix in November, WhatsApp also announced that it had signed its first sports sponsorship with the Mercedes-AMG Petronas F1 Team, which is partially owned by the German road car giant. WhatsApp and Mercedes-AMG PETRONAS F1 Team are forming a multi-year partnership that will take fans into the heart of the action with the eight-time World Champions.
Is Red Bull richer than Mercedes?
Despite Max Verstappen winning his fourth consecutive Drivers’ Championship last season, the Red Bull Formula 1 team recorded a profit of just $2. That means the Red Bull Formula 1 team generated a significantly smaller net profit than Mercedes ($161 million) and McLaren ($72. The partnership, which began upon Mercedes’ entry into Formula One in 2010, will also expand to include a greater focus on new sustainable technology solutions beyond the racetrack. It has been previously reported by Forbes that the agreement is worth US$75 million.