While Pérez signed a new contract with the team ahead of the Canadian Grand Prix, reporting indicates that the contract allows for Pérez to be moved into an ambassadorial role.

Even in the throes of a miserable run of form to end what he has labeled a “terrible” Formula One season with Red Bull, Sergio Pérez’s outward confidence about his future has never been shaken. On Thursday,

Sergio Perez’s time at Red Bull Racing appears to be over. According to ESPN, “Red Bull have decided to move on” after this Sunday’s 2024 Formula 1 season finale in Abu Dhabi. Perez failed to finish the Qatar Grand Prix on Sunday after he said his car lost forward drive as he attempted to accelerate for a green flag.

Red Bull chief Christian Horner remained coy on Sergio Perez' future and will allow the Mexican driver to make his own conclusions. Perez has failed to secure a win this season after a good start in the first few races.

Christian Horner insists Sergio Perez is "old enough and wise enough to know what the situation is" as Red Bull looks set to split with the Mexican after Abu Dhabi. The Mexican will finish only eighth in the drivers' standings despite team-mate Max Verstappen winning his fourth title,

Perez signed a multi-year contract extension earlier this season, but his new terms did little to boost his deteriorating performances, and after a miserable second half of the campaign, ESPN report that Red Bull have made the decision to move on from the six-time Grand Prix winner.

The Mexican driver is set to be axed as Max Verstappen's teammate at Red Bull after an underwhelming 2024 campaign

Christian Horner said Sergio Perez is 'old and wise enough to know what the situation is' after another grim weekend for the Mexican, who failed to score points again in Qatar

Sergio Perez is being urged to "come to his own conclusions" by Christian Horner ahead of the season finale in Abu

Sergio Perez has one more chance. The post Red Bull Authorities Set Timeline for Their Diminishing Allegiance to Sergio Perez Amidst Soaring Exit Rumors appeared first on EssentiallySports.

Sergio Perez knows the score and will come to his own conclusions about his Formula One future, Red Bull boss Christian Horner said after the Mexican fired another blank on Sunday with his time at the team seemingly close to an end.