LAST MINUTE! Perez will remain with Red Bull F1 until the end of 2024.

Sergio Perez began the 2024 season with doubts about his future, but the Mexican performed well in the first races on the circuit and signed an extension with Red Bull until the end of the 2026 season, surprising many due to his extension.

However, there are clauses in that contract that allow the Milton Keynes-based outfit to dump Checo if his performance falls short of expectations, and a string of driving errors, crashes, very poor results and increasingly tough competition have really shown him to be a worrying departure from Max. Verstappen has turned his attention back to Perez ahead of the summer break.

Because of this, The Mexican met this Monday, July 29, with Helmut Marko, Christian Horner and senior team officials to decide on his future.because, as both Marko and Horner have said repeatedly, they need two drivers who regularly score points to defend their top position in the Constructors’ Championship.

Finally, contrary to most rumours, as Motorsport.com has learned. Red Bull’s decision was to keep Checo Perez and believe in your recovery.

The Mexican driver currently sits seventh in the Drivers’ Championship with 131 points, far more than expected from his teammate, who leads the classification with 277 points in the locker.

Moreover, he is currently the only driver from the top four teams who has failed to win a race, and to reaffirm the trust that Marko and Horner have placed in him, he faced with the responsibility of ending this personal bad streak which is important, in particular, for McLaren and Mercedes.

Sergio Perez arrived at Red Bull for the 2021 Formula 1 season, marking a change in philosophy as he looked outside his driver academy after many years to try to find the perfect partner for Verstappen and, if his current contract is finally fulfilled, will accompany him until the end of 2026.