• Loading stock data...
Thursday September 19, 2024

Red Bull’s Max Verstappen Investment Pays Off With Second Title

  • This past offseason, Red Bull awarded Max Verstappen one of the biggest contracts in all of F1.
  • The 25-year-old secured the driver’s championship this weekend.
David Kirouac-USA TODAY Sports

After winning his first Formula One championship in December 2021, Red Bull Racing star Max Verstappen signed a reported $53.3 million per-year contract — one of the most lucrative in the sport. 

That investment paid off this year. 

On Sunday morning, the 25-year-old secured his second consecutive F1 championship during a rainy Japanese Grand Prix. In the standings, he breezed past Ferrari’s Charles LeClerc who was 100 points behind.

He did so four races before the season’s end — joining an exclusive club with Sebastian Vettel and Michael Schumacher, the only two others to do so. He’s one win off their joint single season wins record.

Verstappen, of course, benefits from driving for one of the richest teams in F1. 

  • After winning the Constructors Championship in 2021, Red Bull earned the largest prize of any team — at least nine figures.
  • During the season, the team was accused of going over the $145 million spending cap, but an FIA report found that the team only committed minor infractions.

As the season wraps, Verstappen and his teammate, veteran Sergio Perez, are leading Red Bull to a team-wide victory.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

MLS
Sponsored

MLS’ Chris Schlosser on Pioneering the Digital-First Sports League with AI

Sports Content Kings MLS’ Chris Schlosser on Pioneering the Digital-First Sports League…

How Esports’ Biggest Juggernaut Created Its Own Mainstream

League of Legends has a festival atmosphere and the most coveted demographic.

Former Donda Academy Basketball Players Join New Teams

Several top high school tournaments have dropped Ye's team from their schedules.
exclusive

DraftKings Reports $502M in Revenue, Projects Heavy Losses

DraftKings is still on the road to profitability.

Featured Today

Commanders Sale Could Hit $7B, Durant Wants In

A Washington Commanders sale could be wrapped up by the spring.
November 6, 2022

How the Astros Won the World Series Without Breaking the Bank

The Astros won the World Series with underpriced talent.
November 5, 2022

ESPN College GameDay Means More to Schools Than a Saturday Morning Spotlight

Schools reap ‘immeasurable’ benefits when the ESPN bus rolls into town.
kyrie-irving-nike
November 4, 2022

Nike Suspends Relationship With Kyrie Irving Over Antisemitism

After several days of silence, the brand has dropped Irving.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world with Jobbio.
Sr. Account Manager
Miami Heat
Miami, FL
Director of Ads
Nike
Portland, OR – Hybrid
Sports Journalist
CBS Sports
New York City, NY

Brooklyn Nets Suspend Kyrie Irving for Five Games Without Pay

The Brooklyn Nets have suspended Kyrie Irving without pay for at least five games for "failure to disavow antisemitism."
October 31, 2022

Dustin Johnson Took Home $35.9M in LIV’s Debut Season

It's the sum of winnings from eight events and two championships.
cricket
October 28, 2022

How the U.S. Got A New Pro Cricket League

Major League Cricket is working with the American cricket community to establish cricket as a leading sport in the United States in the coming years.
October 26, 2022

Lewis Hamilton Is Launching A TV and Film Production Company

Dawn Apollo Films has already begun work on a movie and documentary.
October 26, 2022

Jaylen Brown, Aaron Donald Exit Donda Sports Amid Controversy

The pair left Ye's sports marketing agency after signing earlier this year.
serena_williams_gestures_to_crowd
October 25, 2022

Serena Williams Continues To Drop Comeback Hints

Serena Williams has declared that she is "not retired."
October 25, 2022

Aaron Judge Could Command Record $500M In Free Agency

Aaron Judge's gamble in 2022 could produce MLB's largest contract.
October 25, 2022

Brittney Griner's Appeal for 9-Year Prison Sentence Denied

The WNBA star is currently being held in a penal colony outside Moscow.