Despite Perez's contract, Red Bull had no performance clause to activate and was left to negotiate a separation agreement.

Former Red Bull driver Sergio Perez has been backed by his father, Antonio Perez Garibay, for a shocking move to the Formula E series. The update arrives weeks

Sergio Perez's father has hinted at a potential next move for the Mexican driver following his exit from Red Bull at the end of F1 2024.

Sergio Perez was axed by Red Bull at the end of the 2024 season and is currently taking a year away from Formula 1 - but his father has now teased a surprise move

An official Sergio Perez release has been confirmed following the Mexican's Red Bull axe. After a tremendously difficult 2024 Formula 1 campaign, it was decided that the Mexican would not be driving for the team this upcoming season.

Perez had been under contract with Red Bull until the end of the 2026 season, having signed a two-year deal in the middle of last year – this extension being an attempt from the team at assuring him of his future and giving him confidence to push on, an attempt which ultimately didn’t work out.

Sergio Perez has spoken out for the first time since leaving Red Bull. The six-time Grand Prix winner explained that he is in a ‘dreamy position’, enjoying his freedom and family time after dropping out of the F1 paddock.