Confirmed: Sergio Perez to be Announced As Max Verstappen’s New Teammate by Red Bull on Friday

Sergio Perez of Mexico driving the (11) Racing Point RP20 Mercedes leads Alexander Albon of Thailand driving the (23) Aston Martin Red Bull Racing RB16 during the F1 Grand Prix of Bahrain at Bahrain International Circuit on November 29, 2020 in Bahrain, Bahrain. (Photo by Joe Portlock – Formula 1/Formula 1 via Getty Images)

As reported on on Monday, Sergio Perez and the Red Bull Formula One Team have come to terms on a 1 year deal that will see the Mexican driver become Max Verstappen’s teammate in the second best car on the grid.

The German website Speedweek, property of Red Bull, reported on Thursday that Sergio Perez and Red Bull have agreed on a deal and an announcement is set to be made on Friday.

Christian Horner, Red Bull F1 Team Principal talking to Alex Albon, right, during the Portuguese GP weekend. credit: Sky Sports F1.

The Dutch newspaper Der Telegraph, who has been close to Verstappen’s family for a long time, is also reporting that Perez will be unveiled by Red Bull on Friday.

It does mean that even after a resurgence of positive results towards the back end of the season for Alex Albon, he loses his spot on the grid for the 2021 Formula 1 season. He finished just off the podium in Abu Dhabi with a solid fourth place, preceded by a sixth place at the Sakhir Grand Prix. It is expected that Albon will stay as Red Bull’s test, simulator and reserve driver.

Sergio Perez after his first Formula 1 win at the 2020 Sakhir Grand Prix. credit: Racing Point Formula One Team.

Back to Sergio Perez, it is a one year agreement, with options on Red Bulls’ side for the 2022 season. Financial terms have not been disclosed, but it is expected that Telcel, Sergio Perez’s long time sponsor and Mexico’s third biggest communications conglomerate, will sponsor the Red Bull team starting in 2021. Sergio Perez will become Max Verstappen’s fourth teammate at Red Bull Racing team, after Daniel Riccardo, Pierre Gasly and Alex Albon.

Here is the link to our original report announcing the deal between Perez, Telcel and Red Bull.

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