Sergio Perez said he turned down approaches from two other Formula 1 teams to fight for his Red Bull future. The Mexican signed a contract extension earlier this year after Red Bull decided he was still the best option to partner Max Verstappen in 2025.

Sergio Perez is set to remain at Red Bull after reports suggest the Mexican has brought in new sponsors worth over $40 million

Red Bull are set to make a shock decision over Sergio Perez’s F1 future according to recent reports. The Mexican star has failed to deliver at Red Bull throughout the 2024 season, but the team retained faith in him following replacement rumours prior to the summer break.

Sergio Perez has not enjoyed the best of seasons in F1, with the Red Bull driver failing to reach the podium since April and causing costly damages to his team along the way

According to Marca, Mexican driver Sergio Perez will continue as a member of the Formula 1 team Red Bull for the upcoming season.

Jos Verstappen has shared the team-mate he would prefer to see alongside Max Verstappen at Red Bull in 2025 - in contrast to his son's choice. ➡️ READ MORE A former Red Bull driver is set to make a shock mid-season team switch,

Yet more news has emerged from the Formula 1 world today. A lucrative, new sponsorship deal for Sergio Perez may see him stay at Red Bull, despite his many hiccups alongside Max Verstappen this year.