World champion, Max Verstappen has signed a bumper five year contract extension with Red Bull, which keeps him with the team until at least the end of 2028.
The Dutchman took the victory on the final lap of Abu Dhabi in which he clinched his maiden world championship, after a spectacular season fight with Lewis Hamilton.
Red Bull, now enter a new era this year, as the team departed from engine partner, Honda and have taken over the intellectual property for the engine and set up their own division on their campus in Milton Keynes.
Verstappen’s previous deal ran until the end of next season (2023), but both Max & Red Bull were keen to extend a successful partnership.
The new contract is said to be worth in the region of €40-50m (£33.3 – 41.7m) a year, which would make it among the most lucrative in the history of F1.
Verstappen said: “I really enjoy being part of Red Bull Racing, so choosing to stay to the 2028 season was an easy decision. I love this team and last year was simply incredible. Our goal since we came together in 2016 was to win the championship and we have done that, so now it’s about keeping the number one on the car long-term.”
Red Bull boss Christian Horner added: “To have Max signed with Red Bull through to the end of ‘28 is a real statement of intent. Our immediate focus is on retaining Max’s world championship title, but this deal also shows he is part of the team’s long-term planning. With the Red Bull Powertrains division working towards the new engine regulations for 2026 we wanted to make sure we had the best driver on the grid secured for that car.”
After, Max winning the championship last year we all knew a new contract would happen and to add 5 years on to his exisiting contract shows how much both Max & Red Bull have faith and trust in each other.
I cannot see Max going to another team, as all his known is Red Bull, having been brought up by the junior team in his career, to then move to Toro Rosso and then RB, they seem like the perfect fit.