When does Sergio Perez’s contract at Red Bull Racing expire?

F1 News

What are the details of Sergio Perez's new Red Bull contract?
5 June at 19:45
  • Olly Darcy
  • Editor

There was doubt during the first eight races of the 2024 Formula 1 season regarding Sergio Perez's future at Red Bull Racing. However, both the Mexican and the Austrian team came to an agreement before the 2024 Canadian Grand Prix. But what contract extension have the two parties both agreed upon? And how long does that keep Perez at Red Bull? GPblog explains.

Perez's contract explained

Coming into the 2024 season, Perez's contract was due to expire at Red Bull, leaving him without a seat for the 2025 season. Having not won a race since the 2023 Azerbaijan Grand Prix and with some lacklustre performances to start the 2024 season, rumours were circulating as to whether the Mexican would be offered a contract extension to stay with his current employers.

But on 4 June, Perez and Red Bull came to an agreement on a contract extension that keeps him at the current constructor champions. After there was talk of the two parties being hung up on the contract details, the pair agreed on a contract that keeps the Mexican behind the wheel of Red Bull Racing for two more years, meaning Perez has a seat with the Austrian team until 2026.

The snagging point during the contract talks was that Red Bull were only keen to offer a year extension to Perez, whereas Perez wanted to sign a 'multi-year deal' that secured his future in the turbulent 'silly season' market of F1.