TAG Heuer to sponsor Red Bull until 2021 despite power unit change

Red Bull sponsor TAG Heuer have extended their contract with the racing team until at least 2021. 

TAG Heuer joined Red Bull in 2016 and took the naming rights of the Renault power outlet. With Red Bull switching to a Honda power unit TAG Heuer will no longer feature on the power unit. 

The Swiss watch company will continue to sponsor the team in a deal which "will evolve in the years to come".

"We are delighted to confirm the extension of our partnership with TAG Heuer," said Red Bull Racing team boss Christian Horner to motorsportweek.com 

"Over the past three seasons the TAG Heuer name has become deeply linked with the team’s efforts, through its branding of our power units, and also via the company’s exceptional global visibility.

"The TAG Heuer name has an outstanding heritage in Formula 1, stretching back to the golden age of Grand Prix racing, and we are proud to play a part in that continuing story."