Sergio Perez signs 2-year deal with Red Bull

MIAMI, FLORIDA - MAY 06: Pole position qualifier Sergio Perez of Mexico and Oracle Red Bull Racing celebrates in parc ferme during qualifying ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May 06, 2023 in Miami, Florida. (Photo by Mark Thompson/Getty Images) // Getty Images / Red Bull Content Pool // SI202305060605 // Usage for editorial use only //

Oracle Red Bull Racing is pleased to announce that Checo has committed his future to the Team with a two-year extension to his existing contract. A two-year deal is an interesting move and means that a seat for Carlos Sainz is not available at Red Bull.

Is it the right move? There are a lot of factors to this. Support money for Checo via sponsors, who Max Verstappen wants as a teammate, consistency and money among them. Checo is a great guy and the team obviously feel they can get him to the point they want him which is finishing on Max’s heels. Time will tell but I suspect there is an exit clause for both Red Bull and Checo after the first year.

CEO and Team Principal, Christian Horner said: “Now is an important time to confirm our line-up for 2025 and we are very pleased to continue working together with Checo. 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. 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. Last year was a unicorn season and we will need to work hard to retain our titles, but we are assured in our line up and with the Team as a whole, which is imperative in what is shaping up to be a close fought Championship this year.”

Checo said: “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. 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.”

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Xean Drury

You know, I started typing a comment trying to support this move, but in the end there wasn’t enough reasons for me to be in the support camp. He’s not a tail gunner, he’s not a race win contender regularly, and realistically Red Bull doesn’t need the Perez money. Sorry to say that I don’t understand this re-signing. What happened to Red Bull’s plucky feeder program? It’s like they’ve settled on Max and that’s it. Future prospects are a long way off.