The German publication F1-Insider managed to find out that Red Bull Racing has no legal grounds to dismiss Sergio Perez from the team, and that the management of the Austrian group does not want to pay the enormous compensation that the Mexican driver asked for the voluntary termination. of his contract.
Red Bull motorsport advisor Helmut Marko confirmed that Sergio Perez will compete in the final three rounds of the season and a decision on his future will only be made after the Abu Dhabi race.
“Nothing will change until the final in Abu Dhabi,” Marco said. – Perez wants to keep fighting and regain his old form in the remaining three races. We will reassess the situation after Abu Dhabi.”
However, Sergio Perez continues to insist that he will continue to drive for Red Bull Racing in 2025. It turned out that the reason for the Mexican driver’s confidence can be found in one clause of the contract, which he signed with the team at the beginning of June 2024. Or rather, in the absence of an important point: the right of the team to unilaterally terminate the contract if the driver does not show certain results.
Perez’s previous contracts contained such a clause, but Christian Horner removed it in the new contract. Now Red Bull Racing can refuse to work with Sergio by paying him damages – rumor has it Perez wants $20 million.
However, the management of the Red Bull group is not prepared to pay such an amount to the driver. In addition, due to Perez’s results, the team dropped from first to third place in the Constructors’ Championship, and if they do not correct the situation at the end of the season, they will lose $40 million in prize money. Together with Sergio’s compensation, the Austrian group’s expenditure on its subsidiary Formula 1 team will increase to $60 million, and this is not the limit.
It is believed that Red Bull Racing wants Franco Colapinto in place of Perez, but rumors suggest that Williams is willing to let their driver go for 20 million. So the entire operation to replace Perez with Colapinto could cost the team an impressive $80 million.
Red Bull is not prepared for such expenditure and there is a good chance that Sergio will remain Max Verstappen’s partner. Moreover, Mexican sponsors are willing to pay generously for Perez.
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
