F1: Verstappen to stay at Red Bull until 2028 – Gulf Digital News

F1: Verstappen to stay at Red Bull until 2028 – Gulf Digital News

Formula One world champion Max Verstappen will stay at Red Bull until at least the end of 2028, the squad said on Thursday, after signing a five-year contract extension that will make him one of the sport's top earners alongside Mercedes rival Lewis Hamilton.

The Milton Keynes-based squad did not disclose the financial terms of the new deal. The Dutchman's existing contract was set to expire at the end of 2023.

Media reports have valued the new deal at 40-50 million euros ($44 - $55 million) a year.

"I really enjoy being part of the Oracle Red Bull Racing Team, so choosing to stay to the 2028 season was an easy decision," said Verstappen, who will line up alongside Mexican Sergio Perez this season for the second year in a row.

"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."

Verstappen, who made his Formula One debut with Red Bull-owned Toro Rosso as a 17-year-old back in 2015, clinched his first Formula One crown after beating Hamilton in controversial circumstances in December's Abu