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.

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

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.

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 Perez’s time at Red Bull Racing appears to be over. 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.

Veteran driver Sergio Perez is leaving Red Bull Racing after this season, ESPN reported on Monday. Perez, 34, sits in eighth place in the Formula 1 drivers standings with one race remaining. The 2024 F1 calendar concludes on Sunday with the Abu Dhabi Grand Prix.

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.