Fresh from his first Monaco Grand Prix victory, Red Bull has announced that Sergio Perez has committed his future to the team with a two-year extension to his existing contract until 2024.

After joining the team at the end of 2020, Perez enjoyed his most successful season in F1 with 190 points and fourth place overall in the drivers' championship, a season included victory in the Azerbaijan Grand Prix and four other podium finishes.

Putting pen to paper this past weekend ahead of the race, the 32-year-old Mexican, who currently sits third in the drivers' championship, is on course to surpass that achievement this year. With just seven races of the season completed he has amassed 110 points and four podium finishes, including the first pole position for a driver from Mexico at the Saudi Arabia Grand Prix and a landmark Monaco GP win, that saw him better compatriot Pedro Rodriguez's win total to become the most successful Mexican in F1 history.

"Since joining Oracle Red Bull Racing, Checo has done a fantastic job," said 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."

"For me, this has been an incredible week," said Perez, "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."

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READERS COMMENTS

1. Posted by jos_eluiz, 04/06/2022 15:58

"Ok, the race is finished and it's the sum of merits and faults. I think that Ferrari cannot blame but on itself. Period.
But rules are rules.
When, after a clear infringement, a pilot admits «Admitting that his exit from the pits had been on the limit, Verstappen said: "I needed it, otherwise he would have passed me.

"My pit exit was probably the most fun I had in the race, trying to stay ahead," he added. It summed up my race.», everything is said about the rule any its purpose.
Whatever the result, the race direction has failed clamorously.
It shouldn't."

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2. Posted by Defiant, 02/06/2022 16:04

"I think Checo has deserved this. I'm happy for him, and us as fans. I do hope it doesn't come at a price though."

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3. Posted by BrightonCorgi, 02/06/2022 14:21

"Let's see who is Red Bull's No. 1 driver come this fall. Could be another Vettel/Webber scenario played out."

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4. Posted by Bill Hopgood, 01/06/2022 7:58

"Good, though there is quite a few F2 drivers that will be a little disappointed that it's going to take a while for a Alpha Tauri driver to move to Red Bull."

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5. Posted by F1nerd, 31/05/2022 16:48

"Well done Checo for the faultless drive on Sunday and congratulations for the contract extension, keep it up."

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6. Posted by Devonlad, 31/05/2022 14:15

"Absolutely. There have been too many false dawns before but we currently have the prospect of four teams fighting for podium positions - even if the season may end in a Max vs Charles climax"

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7. Posted by JamesD, 31/05/2022 14:00

"Well done Sergio, fully deserved !!"

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Official: Perez agrees new contract with Red Bull

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