19th placed qualifier Sergio Perez of Mexico and Oracle Red Bull Racing walks in the Pitlane during qualifying ahead of the F1 Grand Prix of Great Britain at Silverstone Circuit on July 06, 2024 in Northampton, England. (Photo by Getty Images/Getty Images) // Getty Images / Red Bull Content Pool
Formula 1 Rumors

F1 Rumor: Money saved Perez’s Red Bull ride

Posted by AR1 staff

A report from German publication F1-Insider in Germany has claimed that F1 owners Liberty Media intervened to persuade Red Bull to keep Sergio Perez.

His home race, the Mexican Grand Prix, is due to be held in October and without Sergio in the race, the race promoter will suffer financially. Ditto for the USGP at COTA and the Las Vegas GP.

Carlos Slim is also rumored to have given more money to the team to help compensate for the fact that the team will lose a lot of money when it loses the Constructors title because of Perez’s guaranteed poor performance.

Related Article: F1 Rumor: Ricciardo to replace Perez after summer break (No!)