Sergio Perez signs new two-year deal with Red Bull Racing

Perez signed a two-year contract extension with Red Bull on Tuesday, with the Mexican signing the contract during the race weekend in Monaco.

Sergio Perez celebrates his pole position in Jeddah. (Image: Twitter/F1)
By Nilavro Ghosh | May 31, 2022 | 2 Min Read follow icon Follow Us

Sergio Perez has reason to rejoice just two days after winning his first Monaco Grand Prix. Red Bull has confirmed that he will remain with Max Verstappen until the end of 2024. Last season, the Mexican joined Red Bull and finished fourth in the drivers’ standings with one victory – in Azerbaijan – and four more podiums. He’s pushed it up a notch this season, with three second-place results to go along with his Monaco victory, and he’s now in third place, just 15 points behind leader Verstappen. Perez signed a two-year contract extension with Red Bull on Tuesday, with the Mexican signing the contract during the race weekend in Monaco.

Horner backs Checo

“Since joining Oracle Red Bull Racing, Checo has done a fantastic job,” said Red Bull boss Christian Horner. “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,” he added.

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‘An incredible week’

After the new deal, Checo said that he felt right at home with Red Bull. “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,” the Mexican quipped.

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“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,” he concluded.