Red Bull has confirmed that the AlphaTauri Formula 1 team will be changing its name to ‘Visa Cash App RB’, with a launch event scheduled on February 8th in Las Vegas to unveil the new branding. Following Red Bull’s decision to drop its AlphaTauri branding from its sister outfit, due to the clothing line’s lack of marketing success, there was speculation that the Faenza squad would identify simply as ‘Racing Bulls’. However, Red Bull’s new multi-year sponsorship deal with credit card giant Visa has justified the switch to the new identity. This is the first time that Visa will be a global sponsor for both Red Bull-owned teams. They will also be sponsors of the RB20 cars driven by Max Verstapp
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