Max Verstappen - Red Bull

Verstappen and Red Bull make "statement of intent" with remarkable new long-term deal

Ian Parkes Thursday 3 March 2022 11:00 Updated: 17:56

Red Bull believe "a statement of intent" has been made following official confirmation of Max Verstappen's lucrative new long-term contract.

Verstappen has signed a five-year extension to his existing deal that remarkably ties him to the team through to the end of 2028, making it the longest driver agreement in F1 history.

As reported on Wednesday, it is understood the reigning F1 champion will be earning in the region of €40million per year.

Following the signing of his new agreement, Verstappen said: “I really enjoy being part of the Oracle Red Bull Racing Team, 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 team principal Christian Horner feels "a statement of intent" has been made given the length of the new contract.

Horner added: “Our immediate focus is on retaining Max’s world championship title, but this deal also shows he is a 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.”

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Verstappen and Red Bull make "statement of intent" with remarkable new long-term deal

Verstappen and Red Bull make "statement of intent" with remarkable new long-term deal