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Red Bull advisor Helmut Marko has revealed that it cost several million to cancel the deal it had with Sergio Perez to drive for the team in the 2025 Formula 1 season. Perez will not be on the grid this season amid the news last month that Red Bull had elected to drop him and promoted Liam Lawson to partner with Max Verstappen.

Red Bull Racing is grappling with an enormous financial burden following the decision to part ways with Sergio Perez.

Thank you, Checo." Perez won five Grands Prix in Red Bull colours, including a victory at the Monaco GP and a double in Azerbaijan. However, his form dipped in the 2024 season leading to rumours about his future in the team.

Had Dietrich Mateschitz still been at the Red Bull helm when the F1 2024 in-fighting broke out, he would have soon nipped it in the bud. That is the claim of Red Bull’s reigning four-time World Champion Max Verstappen,

Recently axed Formula 1 star Sergio Perez has been tipped for a return to the pinnacle of motorsport after being dropped by Red Bull. The Mexican racer had been Max Verstappen's team-mate since 2021 after he left Racing Point to join Christian Horner's outfit.