Formula 1: Max Verstappen to sign a new contract with Red Bull: Max Verstappen, the reigning Formula 1 champion extended his contract with Red Bull. He has signed a five-year contract with Red Bull. The deal would be a whopping £40million per year as compared to his existing £18million contract. Follow Formula 1 Live Updates on InsideSport.IN.
The Dutch driver broke Lewis Hamilton’s four-year stranglehold on the championship last season. It was the Abu Dhabi Grand Prix where Max clinched his maiden F1 title by overtaking Hamilton on the last lap.
Formula 1: World Champion Max Verstappen sign a fresh contract worth Rs 370+ Cr ahead of 2022 – Check Out
The F1 title was a reward for Red Bull as they took a chance on Verstappen as a youngster. He was just 17 when he made his Formula 1 debut. Now, Red Bull has signed a five-year contract with Max till 2028. The 24-year-old will drive for Red Bull till he’s 30.
Verstappen is also keen to stay with the energy drink company. He made it clear in the aftermath of clinching the world title in Abu Dhabi last year.
With the new contract, Verstappen will stay with Red Bull for a significant period of time. His existing salary is £18million which will now be £37million, plus bonus payments.
Really proud to announce that @redbullracing will be my home until at least 2028. I love this team and I am very happy to continue this amazing journey we are on for a long time. We have accomplished so much together already but we are definitely not done.💪✍️ pic.twitter.com/ONWq32B835
— Max Verstappen (@Max33Verstappen) March 3, 2022
Formula 1: World Champion Max Verstappen sign a fresh contract worth Rs 370+ Cr ahead of 2022 – Check Out
Max Verstappen’s manager Raymond Vermeulen recently visited Helmut Marko in his home in Graz, Austria. He went there to discuss about the deal which has been made official now. Helmut is the Red Bull team’s boss and he has shown lots of faith in Verstappen.
Right now Verstappen’s contract with Red Bull is till 2023. However, his new contract would see him stay at Red Bull for a significantly extended period. Right now Max was seen in the pre-season testing in Barcelona where he got to drive the brand new RB18. He would be driving the car to defend his title in the 2022 season.
Max also came out in support of Michael Masi, who was the race director in the Abu Dhabi Grand Prix last year. He said, “For me, it’s very unfair what happened to Michael. He was really being thrown under the bus. Now, that they did sack him like that in the first place for me is unacceptable. And now basically that they sacked him is really incredible. I feel really sorry for Michael.”
Formula 1: World Champion Max Verstappen sign a fresh contract worth Rs 370+ Cr ahead of 2022 – Check Out
