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Red Bull to have shareholder meeting over Perez's future

Getty Images/Red Bull Content Pool

By Chris Medland - Nov 25, 2024, 1:59 PM ET

Red Bull to have shareholder meeting over Perez's future

Sergio Perez’s future will be discussed in a Red Bull shareholder meeting after F1's season-ending Abu Dhabi Grand Prix

While Perez only signed a new two-year contract in May of this year, his form has since dropped significantly and he has scored just 49 points in the 16 races following the Miami Grand Prix. At the latest weekend in Las Vegas he was eliminated in Q1 and scored just a solitary point for 10th place after failing to find a way past Yuki Tsunoda in the closing laps.

RACER understands that there have already been discussions with Perez relating to his future, but that a wider meeting will address the situation after Abu Dhabi.

“If you take the difference between Max [Verstappen] and Sergio’s points then it's clear where the problem is,” Red Bull advisor Helmut Marko told RACER after Verstappen won a fourth drivers' championship on Saturday night. “There will be a decision – after Abu Dhabi we will get together and present to the shareholders what we think is best and they will make a decision.”

Red Bull team principal Christian Horner said Perez’s performance in Saturday’s Las Vegas Grand Prix was strong, but that the points return was not satisfactory given McLaren’s relative struggles with pace. Lando Norris finished sixth ahead of Oscar Piastri in seventh.

“Obviously a single point from Checo, it was a good drive from him, a good recovery, but the problem is he’s starting out of position,” Horner said. “On a day when McLaren were weak, we would have liked to take more points out of them.

“Anything regarding the drivers… We have drivers under contract and we have drivers with options that remain between the company and the drivers involved. There’s nothing to say on that.”

Chris Medland
Chris Medland

While studying Sports Journalism at the University of Central Lancashire, Chris managed to talk his way into working at the British Grand Prix in 2008 and was retained for three years before joining ESPN F1 as Assistant Editor. After three further years at ESPN, a spell as F1 Editor at Crash Media Group was followed by the major task of launching F1i.com’s English-language website and running it as Editor. Present at every race since the start of 2014, he has continued building his freelance portfolio, working with international titles. As well as writing for RACER, his broadcast work includes television appearances on F1 TV and as a presenter and reporter on North America's live radio coverage on SiriusXM.

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