Breaking: Perez signs new Red Bull contract to end speculation over future

Sergio Perez has ended speculation around Red Bull's second Formula 1 seat for 2025 by signing a new contract with the team.

With strong candidates such as Carlos Sainz and Yuki Tsunoda circling, Perez's long-term future at the Milton Keynes-based squad had been in doubt, with his contract set to expire at the end of the 2024 season.

However, he had emerged as Red Bull's choice to partner Max Verstappen, and has signed a new two-year extension to take him up to the end of the 2026 season.

Perez had been angling for a multi-year deal, and has got his way after Red Bull motorsport advisor Helmut Marko hinted that only a one-year deal was on the table. 

Both Marko and team principal Christian Horner are keen for Perez to up his game as Red Bull faces a renewed threat from McLaren and Ferrari in the Constructors' with both teams bringing big upgrades to recent races, and have put pressure on Perez to deliver.

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Perez speaks out

Perez will extend his stay at Milton Keynes to potentially a seventh season in 2026, and described the challenge of driving for the team as "like no other."

"I am really happy to commit my future to this great team, it is a challenge like no other racing for Red Bull Racing, both on track and off track," he said.

"I am delighted to be staying here to continue our journey together and contribute to this team’s great history for two more years. 

"Being part of the team is an immense challenge, and one I love. We have a great challenge this year and I have full trust in the whole team that the future is bright here and I am excited to be part of it. 

"I want to thank everyone for all the trust they are putting in me, it is a lot and I want to pay it back with excellent results on track, and off track. I think we have a lot of work to do, we have a lot more championships to win together."

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