About Boardroom

Boardroom is a media network that covers the business of sports, entertainment. From the ways that athletes, executives, musicians and creators are moving the business world forward to new technologies, emerging leagues, and industry trends, Boardroom brings you all the news and insights you need to know...

At the forefront of industry change, Boardroom is committed to unique perspectives on and access to the news, trending topics and key players you need to know.

All Rights Reserved. 2022.

Sergio Perez Signs Extension with Red Bull Racing

Last Updated: October 26, 2022
Fresh off winning the Monaco Grand Prix over the weekend, a new Sergio Perez contract keeps with Red Bull Racing at least through 2024.

Two days after securing the win at the iconic Monaco Grand Prix, Sergio Perez has secured the bag.

The 32-year-old Red Bull Racing star signed a two-year contract extension on Tuesday, taking him through the 2024 Formula 1 season. The Mexican driver and prize of the 2023 F1 free agent class is enjoying another successful season alongside defending driver’s champion Max Verstappen, who received his own massive four-year contract extension in March. His win and four podiums so far in 2022 has him No. 3 in the driver’s standings behind Verstappen and Ferrari’s Charles Leclerc.

Perez is in his second season with Red Bull after two years with Racing Point, where he finished fourth in the driver’s standings in 2020. Checo then left Racing Point — now branded as Aston Martin — putting up a win and five podiums last season to remain in fourth overall in 2021. His defensive effort in last year’s season finale in Abu Dhabi helped Verstappen hold off MercedesLewis Hamilton to win the driver’s title and end Hamilton’s run of four straight championships.

Sign up for our newsletter

Get on our list for weekly sports business, industry trends, interviews, and more.

Checo is already on pace for his best season yet in F1, emerging as a championship contender in his own right, despite Red Bull at times having Verstappen pass him on the grid. But most importantly for the team, Perez’s consistency has Christian Horner’s squad on top of the constructor’s standings. Red Bull’s 235 points is currently well ahead of Ferrari’s 199 and Mercedes’ 134 as it looks to break Mercedes’ eight-year run as Formula 1’s best outfit.

Perez has actually been one of F1’s elite drivers for a few years now, and he finally gets some well-deserved security with an extension at the hottest team in the sport.

About The Author
Shlomo Sprung
Shlomo Sprung
Shlomo Sprung is a Senior Staff Writer at Boardroom. He has more than a decade of experience in journalism, with past work appearing in Forbes, MLB.com, Awful Announcing, and The Sporting News. He graduated from the Columbia University Graduate School of Journalism in 2011, and his Twitter and Spotify addictions are well under control. Just ask him.