Talks underway

Sergio Perez confirms negotiations with F1 team

Sergio Perez is getting ever closer to a new contract in Formula 1. With his contract with Red Bull Racing due to expire at the end of the year, the Mexican has now confirmed that he is in negotiations about an extension.

"I know that contract negotiations are underway and at some point I will know what will happen next - and you will be the first to know," Perez assured at the Monaco Grand Prix.

Focus on the race track
However, the most important thing is not to think about whether the next agreement will last one, two or three years. "At the moment, the focus is on the upcoming weekend and qualifying in particular," said the Mexican, who wants to concentrate fully on the racing action in the Principality. "As long as nothing has been signed, it doesn't matter how close you are to a contract extension. Nothing has been signed yet, and that's not the focus right now," says Perez.

The 34-year-old has been under contract with the Bulls since 2021 and finished runner-up behind team-mate Max Verstappen in 2023. After fluctuating performances last year, Perez is currently third in the drivers' standings this season with 107 points.