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 "Checo" Pérez is set to leave Red Bull after the Abu Dhabi GP following a turbulent 2024 season. Liam Lawson is tipped as his replacement, while Pérez may transition into an ambassador role and explore F1 opportunities,

Sergio Perez, Lando Norris FIA punishment, more PF1 sources: Sergio Perez set to leave Red Bull at end of F1 2024. Serg

Veteran driver Sergio Perez is leaving Red Bull Racing after this season, ESPN reported Monday. Perez, 34, sits in eighth place in the Formula 1 drivers standings with one race remaining.

Mexican Formula 1 star Sergio Perez, one of the top drivers in the sport over the last five years, is expected to part with Oracle Red Bull Racing at the end of this season.

Despite this, speaking after the Qatar GP, Horner confirmed that the decision to continue with the team was in Perez’s hands, as he provided an update on Red Bull's 2025 driver lineup.

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.

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 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.