In a move that has sent shockwaves through the Formula 1 world, Red Bull Racing has officially secured one of its most valuable assets, Checo Pérez, with a jaw-dropping new contract. The Mexican driver has signed a 5-year deal worth $750 million, keeping him with the team until 2030, with the option to extend further beyond that.
The announcement came as a surprise to many, given Pérez’s strong performance in the 2024 season, where he has consistently delivered podium finishes and played a pivotal role in Red Bull’s dominance on the track. With this new contract, Pérez cements his future with the team, alongside World Champion Max Verstappen, forming one of the most formidable driver pairings in recent history.
The deal, which is considered one of the largest in F1 history, reflects the growing recognition of Checo Pérez as not just a reliable teammate, but a key player in Red Bull’s ongoing success. Pérez’s technical expertise, adaptability, and consistency have been crucial to Red Bull’s dominance in recent seasons, with his ability to work in harmony with Verstappen making him a critical part of the team’s strategy.
Red Bull team principal Christian Horner expressed his excitement about the extension, stating, “Checo has proven time and time again that he is an invaluable member of the Red Bull family. His work ethic, professionalism, and ability to deliver results under pressure make him the perfect partner for Max. This new deal ensures we will continue to build on the strong foundation we’ve set.”
The new contract also includes performance-based bonuses, ensuring Pérez will be rewarded for podium finishes and potential race victories. This is a strategic move by Red Bull to keep the pressure on their rivals, particularly Mercedes and Ferrari, while strengthening their own driver lineup for the long term.
For Pérez, the deal represents the culmination of years of hard work and perseverance. Having moved through various teams, from Sauber to McLaren and Racing Point (now Aston Martin), Checo’s consistency in his performances has earned him the trust and confidence of one of the sport’s most successful teams.
Fans of the Mexican driver are celebrating the news, as Pérez continues to inspire a new generation of racers and brings attention to motorsport in his home country. With the new contract, Checo Pérez looks set to continue making history in Formula 1 for years to come, and Red Bull Racing’s future appears as secure as ever.
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