Red Bull give Perez new two-year deal until end of 2024

Just two days after clinching his first Monaco Grand Prix victory, Sergio Perez has more to celebrate with confirmation Red Bull are retaining him alongside Max Verstappen until the end of 2024…

The Mexican joined Red Bull last season and took one victory – in Azerbaijan – as well as four further podiums on his way to fourth in the drivers’ championship.

He’s stepped it up a gear this season, with three second-place finishes to add to his Monaco win, and that leaves him third in the standings, just 15 points adrift of leader Verstappen.

On Tuesday, Red Bull confirmed they have handed Perez a two-year contract extension, with the Mexican signing the deal in Monaco, during the race weekend.

“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.”

Perez added: “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.

“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.”

The 2023 and 2024 campaigns will be Perez’s 12th and 13th seasons respectively in Formula 1.