Hungarian Grand Prix – Racing Point’s Sergio Perez says he and the team are currently finalising a new deal that should mean a long-term extension to his contract.
The Mexican driver, who traditionally worked on a year-by-year basis with Force India before their sale to Racing Point last year, is currently in the last few months of his existing contract.
However, it appears a long-term contract is on the cards for Perez as Racing Point’s future has been secured under the new owners and the partnership is working well.
Speaking at the Hungarian Grand Prix, Perez told Formula 1: “Things are settling down”
“My priority will be to continue with the team. [A new deal] is not done yet. We are finalising it. But you know in Formula 1 until it’s done it’s never done. As I see it, there are very good prospects for the future so I look forward to it.”
“It takes a bit longer, my deals, due to that [my sponsorship tie-ups], so I think it should be a matter of time.
“Now the prospect and the ambitions of the team is very good, I think it will be very good to get a long-term contract here because I see that the team is going forwards.
“It works both ways well, and we ideally would like to commit for a long-term deal, so hopefully we can work out the terms and everything.”
This time last year, the future of the Silverstone-based team looked very shaky as Perez brought the Force India team into administration. However, that contentious move ended up saving the team as they were bought out by Lawrence Stroll’s consortium and Perez, having settled in alongside Lance Stroll as his teammate, looks as though he is going to be rewarded for his loyal approach to working with the squad: “When you look around it’s definitely a good place to be,” he said. “I’ve been with the team for a very long time. I remember what a weekend I had last year and the administration process, I had all that here last year, so to come back here after one year and see where the team is and where the team is heading to I feel very proud of that.
“I definitely haven’t finished business, although I’ve been a long time with the team, I see more to come.”