Max Verstappen extends contract with Red Bull Racing

Max Verstappen Formula 1 (Photo: ANP)

Max Verstappen will stay longer with the Red Bull Racing Formula 1 team. The brand new Formula 1 world champion will remain until the 2028 season.

It was already in the air, but now the high word is out: Max Verstappen is signing up. His contract with Red Bull Racing will be extended until the 2028 season. An extraordinarily long period. This makes Verstappen instantly the driver with the longest-term contract of all drivers on the grid. It is a seal of his statements immediately after he took his first world title in Abu Dhabi. Then the Dutchman said he wanted to keep doing this for ‘another ten or fifteen years’ with Red Bull Racing. It’s not that long, but still.

While details of the contract are not being disclosed by Red Bull Racing, Verstappen has reportedly struck a highly lucrative deal that will earn him up to $50 million (€45 million) a year. The usually well-informed Telegraaf journalist Erik van Haren already announced this on Wednesday. With such an annual salary, Verstappen is on par with Lewis Hamilton and he becomes the highest paid Dutch athlete ever.

The new Formula 1 season will start on the weekend of March 18. Then the ten teams will visit Bahrain. The second winter test will also take place there the week before.

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