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,

Cristian Horner has ‘invited’ Pérez to leave the team, while ESPN reports that the Mexican will be out of Red Bull after Abu Dhabi.

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.

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.

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.

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.