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Perez signs new deal with Red Bull until 2024

Sergio Perez and Red Bull have agreed on a deal that will see the Mexican stay with the team through to the end of the 2024 F1 season

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The Red Bull Formula 1 team have announced that they have retained Sergio Perez until the end of the 2024 F1 season.

Perez, who took a well-deserved win at the recently concluded Monaco Grand Prix, has signed his longest contract yet with the Milton Keynes-based outfit.

The Mexican has performed admirably over the past few years and his win at Monaco was a culmination of his hard work.

What Red Bull said

Red Bull team principal Christian Horner was obviously delighted with the deal, having failed to find an able partner for Max Verstappen since the departure of Daniel Ricciardo.

The team boss also indicated that having Perez on the team means that the team has a better chance of adding to their four Constructor Championships and cited the Mexican driver’s rapid improvement this year.

“Since joining Oracle Red Bull Racing, Checo has done a fantastic job,” Horner said on the team’s website.

“Time and again he has proved himself to not only be a magnificent team player but as his level of comfort has grown he has become a real force to be reckoned with at the sharp end of the grid.

“This year he has taken another step and the gap to World Champion Max has closed significantly, evidenced by his superb pole position in Jeddah earlier this year and by his wonderful win in Monaco just last weekend.

For us, holding onto his pace, race craft and experience was a no-brainer and we are delighted that Checo will continue to race for the team until 2024. In partnership with Max we believe we have a driver pairing that can bring us the biggest prizes in F1.”

What Perez said

Perez was naturally delighted to remain with Red Bull, with the Mexican finally at a team that can fight for wins after a brief stint at McLaren.

Red Bull’s Sergio Perez celebrates after winning the Monaco Grand Prix REUTERS/Benoit Tessier

“For me, this has been an incredible week, winning the Monaco Grand Prix is a dream for any driver and then to follow that with announcing I will continue with the Team until 2024 just makes me extremely happy,” Perez stated.

“I am so proud to be a member of this Team and I feel completely at home here now. We are working very well together and my relationship with Max, on and off the track, is definitely helping drive us forward even more.

“We have built tremendous momentum as a Team and this season is showing that, I am excited to see where that can take us all in the future.”

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