Official: Checo Perez extends contract with Red Bull

Another domino in Formula 1’s driver market has fallen as Red Bull have confirmed their 2025 line-up

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The speculation has ended, and it is now official: Checo Perez will continue racing for Red Bull in Formula 1. The Austrian team announced on Monday that the Mexican driver has extended his contract for two more seasons, keeping him with the team until 2026.

Perez‘s previous contract with Red Bull was set to expire at the end of the 2024 F1 season, following the Abu Dhabi Grand Prix. Despite potential opportunities elsewhere, staying with Red Bull was the optimal choice for Perez

Red Bull, the reigning F1 constructors champions, have been instrumental in Perez‘s career since his arrival in 2021, where he has secured five victories and 29 podiums, playing a crucial role in Max Verstappen‘s first championship win.

Over nearly four years with Red Bull, Perez has experienced highs and lows but has met the team’s expectations. His primary role has been to support Verstappen, a challenge given the Dutch driver’s exceptional talent. 

“I am really happy to commit my future to this great team, it is a challenge like no other racing for Oracle Red Bull Racing, both on track and off track,” Perez said in a statement from Red Bull.

“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.”

Perez finished third in the 2022 Drivers’ Championship and was runner-up in 2023. This season, he started strongly, leading to satisfaction from key figures such as Helmut Marko and Christian Horner, who consistently referred to Perez as their “first choice” despite conversations with other drivers.

Max Verstappen and Sergio Perez of Red Bull celebrate after qualifying for the 2024 Japanese Grand Prix | Getty Images / Red Bull Content Pool
Max Verstappen and Sergio Perez of Red Bull celebrate after qualifying for the 2024 Japanese Grand Prix | Getty Images / Red Bull Content Pool

With this official announcement, one of the early “silly season” dramas for this year is resolved. Speculation around potential replacements such as Liam Lawson, Yuki Tsunoda, Daniel Ricciardo, and Carlos Sainz can now be put to rest, barring an unlikely scenario where Max Verstappen leaves Red Bull for Mercedes. For now, Perez‘s seat at Red Bull is secure.

Red Bull’s Commitment to Perez

Perez‘s renewed contract not only secures his future but also reinforces Red Bull’s strategic approach to driver management. His tenure with the team has seen consistent support for Verstappen, contributing significantly to the team’s championship successes. 

The stability offered by this contract extension is expected to benefit Red Bull‘s long-term planning and competitive strategy.

“Now is an important time to confirm our line-up for 2025 and we are very pleased to continue working together with Checo,” Red Bull team principal Christian Horner said.

“Continuity and stability are important for the Team and both Checo and Max are a successful and robust partnership, securing our first ever one-two finish for the Team in the Championship last year.

2023 Monaco GP winner Sergio Perez on the podium alongside Red Bull teammate Max Verstappen, team principal Christian Horner and Carlos Sainz of Ferrari| Clive Rose/Getty Images / Red Bull Content Pool

Checo has had a strong start to 2024 with second places in Bahrain, Saudi Arabia and Japan and then his podium in China. The past few races have been tough, there is convergence on the grid, but we are confident in Checo and look forward to his return to proven form and performance, that we so often see.

“Last year was a unicorn season and we will need to work hard to retain our titles, but we are assured in our line up and with the team as a whole, which is imperative in what is shaping up to be a close fought Championship this year.”

Perez‘s contract renewal also marks a significant development in the Formula 1 landscape. As one of the top drivers, Perez‘s continued presence with the championship-winning team ensures that Red Bull remains a formidable force on the grid. 

John Smith
John Smithhttps://total-motorsport.com
Editor at Total-Motorsport.com and all round Motorsport journalist specialising in Formula 1, IndyCar and Formula E.
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