It follows another team rename which was also criticised by F1 fans, when Alfa Romeo became Stake F1 earlier in this winter break.
Visa bosses will listen to fans
Now, Fairchild has defended the move, stating that she is looking forward to the future with Visa and Red Bull hand-in-hand.
“The best way to explain it is we had an opportunity, as we do with all of our global clients, specifically with Cash App in the United States, in teaming up with Red Bull,” she told The Associated Press.
“It is a mouthful but it was a way that we could showcase one of our key clients. There wasn’t a way to shorten it after bringing those two things together.
“The fans will certainly decide how they reference it,” she continued.
“It is our formal name that we’ve introduced to the marketplace. We certainly are capturing all the brands involved and this complex equation, but we’ll listen to the feedback and I’m certain we’ll pick up on some really interesting nuances and I think the fans will have some fun with it.”
“There’s no greater unifier than sports,” Catherine Ferdon, Head of Brand at Cash App said.
“This sponsorship allows us to deepen our relationship with Formula One fans and furthers Cash App’s commitment to supporting and growing the culture of F1 fandom in the United States, while offering more value to our customers.
“We have a history of elevating emerging talent and look forward to sponsoring a team known for developing incredible up-and-coming drivers.”
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