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Sergio Perez Signs Two-Year Red Bull Contract Extension

Sergio Perez of Mexico has extended his contract with Red Bull for another two years, keeping him with the team until 2024.

The 32-year-old won the Monaco Grand Prix on Sunday and is currently third in the driver standings this season.

Perez has pushed Red Bull to the lead of the constructors’ rankings after seven races, with defending world champion Max Verstappen.

Christian Horner, the team’s general manager, stated that maintaining Perez was a “no-brainer.”

Perez joined Red Bull from Racing Point at the end of 2020, and following his most successful season in Formula One, he finished fourth in the 2021 drivers’ championship.

The deal was revealed by Red Bull on Tuesday, but Perez had already signed before the race in Monaco, where he finished fourth for the season.

According to Perez: “This has been a wonderful week for me; winning the Monaco Grand Prix is a dream come true for any driver, and then to announce that I will remain with the team until 2024 makes me ecstatic.

“I’m honored to be a part of this group, and I’m at ease here right now. We’re getting along swimmingly, and my friendship with Max, both on and off the track, is undoubtedly assisting in propelling us ahead.”

Horner feels the Mexican has improved tremendously over the last year and is now performing at a level comparable to the incumbent world champion.

He stated, ” “He has repeatedly demonstrated that he is not just a fantastic team player, but that as his comfort level has improved, he has become a true force to be reckoned with at the pointy end of the grid.

“This year, he’s taken another step forward, and the distance between him and world champion Max has dramatically narrowed.”