'Marko extends his Red Bull contract for three years'

Red Bull Racing Advisor, Helmut Marko, looks set to extend his contract with the team for the next three years.

Marko has played an important, if not the most important role, within the team since its inception. The 80-year-old is much more than just an advisor to the team and can certainly be seen as a figurehead of Red Bull Racing's success.

He recently made it known to Austrian television outlet, OE24, that he will be back in the F1 paddock in 2024, and now it has become clear why Marko was so pleased in conversation.

RacingNews365 in collaboration with Formula.hu, has understood that Marko has signed a new contract with Red Bull, keeping him linked to the company for the next three years as well.

This means Marko will continue to play a major role with Max Verstappen's team for the next three seasons, up to his 84th birthday.

2023 rumours about Marko leaving the team

Rumours swirled throughout 2023 that Marko would retire by the end of his contract this year, but he subsequently addressed those by saying he would continue as long as he is mentally and physically fit to do the work.

His retention can be seen as an important development for the supreme team, which dominated 2023 with 21 wins out of 22 races. Marko's new contract makes it clear that Red Bull still has a clear strategy in mind.

The competition has therefore been warned for the coming years, as he plays a key role in promoting talent through the junior ranks. Also, there seems to be absolutely no question of a "Last Dance scenario" at Red Bull yet.

In 2023, Verstappen himself also revealed that he hoped Red Bull would not bid farewell to Marko. Undoubtedly, the three-time world champion will be happy to be able to count on Marko's support as he looks to retain his world title.