Sergio Perez may have signed a new contract at Red Bull, but he’s struggling to repay the team’s faith as it stands. His poor run of form continued at the Spanish Grand Prix last weekend. Perez penned a two-year extension but, according to reports, only the first year of that agreement is guaranteed. If he can’t meet certain performance clauses in 2025, he could be out the door. That makes his current displays worrying. The expectation is that next season will be similar to the current campaign, with Red Bull up against McLaren, Ferrari and Mercedes in a close battle at the front. And since th…