Sergio Perez will continue to race Oracle Red Bull Racing in Formula 1 until the end of the 2024 season, as the reigning drivers’ championship team announced a two-year extension of his contract on May 31.
“Since joining Oracle Red Bull Racing, Checo has done a fantastic job,” team principal Christian Horner said in a press release. “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.”
Perez most recent racing achievement is the victory at the Monaco Grand Prix on May 29. The win was the third in his F1 career and the first in 2022. It is also his fourth podium result this season.
He now sits third in the drivers’ standings, only 15 points off the lead behind his teammate and reigning world champion Max Verstappen.
“This year he has taken another step and the gap to World Champion Max has closed significantly,” Horner continued. “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.”
The Mexican driver first joined the team in 2021 and has since earned two victories, nine podiums and finished fourth in the drivers’ standings at the end of last year.
“For me, this has been an incredible week,” Perez said. “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.”
About the author
Dalton Hopkins began writing for Frontstretch in April 2021. Currently, he is the lead writer for the weekly Thinkin' Out Loud column and one of our lead reporters. Beforehand, he wrote for IMSA shortly after graduating from Embry-Riddle Aeronautical University in 2019. Simultaneously, he also serves as a First Lieutenant in the US Army.
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