F1: Sergio Perez to hold talks with Red Bull over new contract


Sergio Perez’s Red Bull contract expires in 2024 (Photo: Getty)

Sergio Perez is reportedly set to hold talks with Red Bull over a new contract amid great uncertainty around his Formula One future.

The 33-year-old is under intense pressure having endured an underwhelming 2023 season, with his performances and points tally far below that of his teammate Max Verstappen.

While no-one was expecting Perez to beat the three-time world champion, the Mexican ought to be way clear of the rest of the grid given the almighty pace of the RB19 car which has won 18 of the 19 races so far this year.

Instead, he is just 20 points ahead of Sir Lewis Hamilton with three rounds to go in the battle for second in the championship.

The six-time race winner’s contract with Red Bull expires at the end of 2024, and all signs point towards him leaving the team after that, with the likes of Daniel Ricciardo and Liam Lawson waiting in the wings to replace him.

There has been suggestion that he could be axed before then, with his latest crash at his home race in Mexico City only fueling rumours, but team officials have continually stated he will see out his current deal.

But now, it appears that Perez could even be extending his stay at the champions, with Total-Motorsport.com reporting that the driver will have talks with his team over a renegotiated new contract in December.

F1 Grand Prix of Mexico

Perez crashed out of his home race in Mexico at the first corner (Photo: Getty)

Red Bull want to postpone talks until then in order to keep their driver focused on holding off Hamilton, a fight that continues at this weekend’s Brazilian Grand Prix.

It is said that he could pen a new two-year deal which would run until 2025, which if he saw out would extend his F1 career to 14 years.

Red Bull driver with Max Verstappen for first race of 2024 odds:

Sergio Perez – 11/10

Daniel Ricciardo – 7/4

Fernando Alonso – 3/1

Liam Lawson – 50/1

Odds courtesy of OLBG

Perez made his debut with Sauber in 2011 and quickly impressed, moving to McLaren two years later to replace Hamilton but he would only last one year with the British team.

He then joined Force India, remaining with them as they became Racing Point, until he was controversially axed in 2020 despite claiming his and the team’s first win with a remarkable drive in Sakhir.

His form that season impressed Red Bull who promptly signed him, and until recently he has been a perfect driver for them, good enough to race with the frontrunners but not good enough to challenge star driver Verstappen.

With Red Bull likely to continue dominating over the next two seasons, it is perhaps for this reason that they could extend Perez’s contract so as to keep harmony within the team, something that the likes of Ricciardo may well disrupt.

MORE : Fernando Alonso speaks out on his F1 future amid shock links to Red Bull

MORE : Formula 1 fan banned for life after fight in the grandstands at the Mexican Grand Prix

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