Red Bull have decided to retain Sergio Perez beyond the 2024 summer break, it emerged on Monday. Perez has survived for the moment despite a woeful run of form in the lead-up to the shutdown. Perez only signed a new contract last month, but Red Bull included break clauses in case his form spiralled. They had the option to axe him in August because he was more than 100 points behind teammate Max Verstappen (146). It would have cost Red Bull £3.8m to pay Perez off, but that’s around half the price of losing out to McLaren in the constructors’ championship. The Woking outfit have been able to nar…
