World Champion Max Verstappen has signed a new contract extension with Red Bull that lasts until the end of 2028.
The 24-year-old was already committed to Red Bull until the end of 2023, and the team said the new contract was “in addition to” his existing deal.
The new contract is reported to be worth in the region of €40-50m (£33.3-41.7m) a year, which would make it among the most lucrative deals in the history of Formula 1.
“I love this team and last year was simply incredible. Our goal since we came together in 2016 was to win the championship and we have done that. Now it’s about keeping the number one on the car long term.”
Red Bull team principal Christian Horner also spoke on the deal:
“To have Max signed with Red Bull Racing through to the end of 2028 is a real statement of intent. Our immediate focus is on retaining Max’s world championship title but this deal also shows he is a part of the team’s long-term planning.”
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Categories: Formula 1