Sergio Perez Expected to Extend Contract with Red Bull

Sergio Pérez is staying in the red

The 34-year-old Mexican motorsports racing driver remains the front-runner to stay with Red Bull in 2025, per ESPN sources.

Sergio PerezPérez, whose contract expires at the end of 2024, endured a tough weekend at the Monaco Grand Prix, qualifying 18th before being involved in a collision on the first lap.

Red Bull has been in no rush to make a decision about his future, with Carlos Sainz still yet to decide what he does next year when Lewis Hamilton replaces him at Ferrari.

Sainz is reportedly monitoring the situation at Red Bull before committing to either Williams or Sauber (which will become Audi in 2026), with the long-term future of Max Verstappen also uncertain beyond 2025.

Verstappen, who has doubts about Red Bull’s 2026 engine project, has been linked with a move to Mercedes for that season, which is the start of a new set of regulations.

However, it looks unlikely Red Bull opt for Sainz at this stage. Multiple sources have told ESPN that Red Bull still favor Pérez and that only a drastic drop in form over the next few races could change that situation, which lines up with team boss Christian Horner‘s comments to the media after the Monaco Grand Prix.

“This weekend’s been pretty brutal for him,” Horner said on Sunday. “Obviously we need to make sure that we have got both cars up there scoring points, because we cannot dismiss the threat of Ferrari and McLaren in both championships.

“Checo’s first six races, he was very strong, qualifying on the front row and finishing second and third and scoring very well. We just need to get back into that position of confidence and not to see a dip.”

Asked if Pérez’s last few results have delayed a decision, Horner said: “Not really. I think that it’s more our timing. We’ll make a decision in the fullness of time.”

Until Red Bull decides what to do with Pérez, it is likely Williams and Audi will be waiting on Sainz.

Audi is overseeing negotiations at Sauber, having brought forward its investment in the team earlier this year.

Audi has already signed Nico Hülkenberg to its project and is understood to be considering back-up options in case Sainz goes elsewhere, although the company’s might find it difficult to find another marquee signing with race-winning pedigree.

Williams have been in talks with Sainz ever since Ferrari decided to replace him with Lewis Hamilton next year and over the Monaco Grand Prix it emerged they are increasingly confident of securing his services from 2025 onwards.

Sergio Pérez to Drive Alongside Max Verstappen at Red Bull Next Year

Sergio Pérez is racing forward with Red Bull… 

The 30-year-old Mexican racing driver will drive alongside Max Verstappen at Red Bull next year, replacing Alex Albon, who will be demoted to the role of reserve driver.

Sergio Pérez

Pérez has signed a one-year deal with the team for the 2021 season.

Red Bull’s 2021 driver lineup has been a source of constant speculation this year, with Albon struggling to match Verstappen for pace and points throughout the season.

Pérez said Red Bull was an option for next year as early as October after his Racing Point team announced in September that it would replace him with four-time champion Sebastian Vettel in 2021.

However, with Pérez’s options outside Red Bull limited and Albon under contract regardless of the decision, the team waited until the end of the season before announcing its decision.

Team boss Christian Horner said: “Alex is a valued member of the team and we thought long and hard about this decision.

“Having taken our time to evaluate all the relevant data and performances, we have decided that Sergio is the right driver to partner Max for 2021 and look forward to welcoming him to Red Bull Racing. Alex remains an important part of our team as test and reserve driver with a key focus on 2022 development, and we would like to thank him for his hard work and contribution.”

Albon, who joined Toro Rosso in 2019 and was promoted to Red Bull midway through his rookie year in F1, will remain at the team in a reserve role.

Albon initially performed well at Red Bull after replacing Pierre Gasly from the 2019 Belgian Grand Prix onward, but has struggled to get to grips with this year’s Red Bull car.

He has scored less than half the points of Verstappen this year with just 105, qualified on average 0.5s off his teammate and taken just two podiums compared to Verstappen’s 11.

Perez became a first-time race winner at the Sakhir Grand Prix this month and finished fourth in the championship with 125 points.