Verstappen extends Red Bull contract to 2023

Red Bull Racing has confirmed that Max Verstappen has extended his contract with the team until the end of the 2023 Formula 1 season.

Verstappen has been a Red Bull driver since he joined F1, starting with their sister team, Toro Rosso, before being promoted to the senior team in 2016.

Last season, the 22-year-old won three races for the team, at the Austrian, German and Brazilian Grand Prix, and brought engine supplier, Honda, their first wins since their return to the series.

Verstappen’s commitment until the end of 2023 means he is the second driver to confirm their seat for the new regulations in 2021, with Ferrari’s Charles Leclerc confirming his contract extension just before Christmas.

Speaking about the contract extension, Verstappen said: “I am really happy to have extended my partnership with the Team. Red Bull believed in me and gave me the opportunity to start in Formula 1 which I have always been very grateful for.

“Over the years I have grown closer and closer with the Team and besides the passion from everyone and the on-track performance it is also really enjoyable to work with such a great group of people.

“Honda coming onboard and the progress we have made over the last 12 months gives me even more motivation and the belief that we can win together.

“I respect the way Red Bull and Honda work together and from all sides everyone is doing what they can to succeed. I want to win with Red Bull and our goal is of course to fight for a World Championship together.”

Verstappen had been touted as a potential target for Mercedes in 2021, if Lewis Hamilton were to leave the team, but the announcement means that Red Bull have their desired choice when the regulations change, and Red Bull Team Principal, Christian Horner, believes the continuity could benefit the team.

“It is fantastic news for the Team to have extended our agreement with Max up-to and including the 2023 season.” added Horner.

“With the challenge of the 2021 regulation changes on the horizon continuity in as many areas as possible is key.

“Max has proven what an asset he is to the Team, he truly believes in the partnership we have forged with our engine supplier Honda, and we are delighted to have extended our relationship with him.”