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Red Bull Break Silence on Alleged Liberty Media Involvement in Sergio Perez Contract

Veerendra Vikram Singh
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Red Bull Break Silence on Alleged Liberty Media Involvement in Sergio Perez Contract

Sergio Perez’s future with Red Bull was hanging in the balance before the team confirmed he would continue alongside Max Verstappen for the rest of the 2024 season. However, several reports suggested that Liberty Media had a role to play in the team’s decision to continue with Perez. Helmut Marko has now completely denied such claims.

After the Belgian Grand Prix, there were rumors that Red Bull had already decided to part ways with the Mexican driver due to his underperformance. Reportedly, the team had even communicated to Verstappen’s camp that a new teammate would be introduced to him after the summer break.

However, Liberty Media reportedly urged Red Bull to reconsider the dismissal of Perez due to financial considerations. The concern was that firing Perez could significantly impact the revenue generated from the Mexican Grand Prix, as the 34-year-old is a popular figure in Mexico and his presence at the event is likely to attract more spectators.

With the Mexican Grand Prix scheduled for late October, the timing of this intervention was critical, especially as there were still tickets available for the race. However, in his column on Speedweek, owned by Red Bull, Dr. Marko clarified that F1’s commercial rights holder had no role to play in the team’s decision.

The 81-year-old explained that Perez was still the best solution for the team going forward as they are focusing on stability. He also mentioned that the Mexican has a good track record in several of the upcoming races in the season.

Regarding the rumors about intervention from Liberty Media, Marko wrote, “Reports that his continued involvement is due to Liberty Media’s wish for him to drive in Mexico are not true. They certainly want him to contest his home race, but our choice of driver is not based on Liberty’s intentions.”

However, this does not mean that the majority of the people are happy with Red Bull’s decision.

Former F1 boss urges Red Bull to take Perez’s situation seriously

In a recent episode of the ‘Formula for Success’ podcast, former F1 team owner Eddie Jordan emphasized to David Coulthard that Christian Horner should take Perez’s decline in performance seriously. Coulthard was also in agreement as he said, “This isn’t [the] show ‘Friends.”

While the two believe that Red Bull could still manage to win the championship this season despite Perez’s underperformance, they believe that the team will need to seriously look at their option for next year if they want to remain at the top in F1.

Post Edited By:Vidit Dhawan

About the author

Veerendra Vikram Singh

Veerendra Vikram Singh

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Veerendra Singh is a senior Formula 1 journalist at TheSportsRush, with a passion for the sport that goes back to 2008. His extensive coverage and deep understanding of the sport are evident in the more than 900 articles he has written so far on the sport and its famous personalities like Max Verstappen, Lewis Hamilton, Toto Wolff, Charles Leclerc and more... When he's not at his work desk, Veerendra likes to spend time with his two feline friends and watch races from the Formula 1 and MotoGP archive. He is always up for a conversation about motorsport so you can hit him up anytime on his social media handles for a quick word.

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