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Sergio Pérez Set for Contract Extension Despite Monaco Misfortune

Sergio Pérez had a disastrous weekend at the Monaco Grand Prix, yet he seems poised for a contract extension with Red Bull Racing, marking his fifth season with the team.

During the Monaco Grand Prix, Pérez faced a series of unfortunate events. He was eliminated in Q1 on Saturday, and his race on Sunday ended prematurely after just one corner due to a collision with Haas driver Kevin Magnussen. However, his spirits might soon lift, as reports suggest a contract extension is imminent.

According to Motorsport Total, all indications point towards a decision being made within the coming days or weeks. Additionally, Motorsport Magazine reports that Red Bull has turned down Carlos Sainz, who will be without a seat next season as his Ferrari position is set to be filled by Lewis Hamilton.

With few alternatives to Pérez, the likelihood of his contract extension increases. Yuki Tsunoda, currently driving for Red Bull’s sister team, AlphaTauri, is considered not yet ready for the step up to the reigning world champions.

Pérez Likely to Continue with Red Bull for a Fifth Season

For weeks, there have been signs that Pérez will continue with Red Bull for a fifth season. Helmut Marko, Red Bull’s Motorsport Advisor, mentioned on Formula 1’s YouTube channel during the Imola race that it would be a “logical step” to continue the partnership with the Mexican driver.

Team Principal Christian Horner also stated, “Interest in our cars is very high, as you can imagine. But for us, Checo is the priority.”

Last season, Pérez’s contract extension was decided around the time of the Monaco Grand Prix. He signed the contract before the weekend, although the extension was announced publicly afterward.

Marko has expressed a desire to finalize the decision before the Spanish Grand Prix, which is scheduled from June 21 to June 23. Before that, Formula 1 will head to Canada.

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