Perez Signs Two-Year Contract At Red Bull

Sergio Perez has signed a new two-year contract at Red Bull until end of 2026 F1 season.

Perez replaced Alex Albon at Red Bull in December 2020 and has gone on to take five wins plus 24 further podium finishes during his three-and-a-half seasons with the team, alongside three pole positions.

Speaking about his decision to sign a new two-year contract with Red Bull, Perez commented: “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.

“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.”

Perez also spoke of relishing the tough competition this season as he continued: “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.”

Team Principal, Christian Horner added that the decision to retain Perez was purely down to wanting to solidify their driver line-up alongside Max Verstappen ahead of the 2026 regulatory changes.

“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.”

Horner added that he believes that the Mexican can rebound from his recent dip in form which saw him achieve two podiums in the last four Grands Prix.

“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.”