Max Verstappen

Verstappen signs new mega-money Red Bull deal

Ian Parkes & Ewan Gale Wednesday 2 March 2022 10:19 Updated: 10:24

Reigning F1 world champion Max Verstappen has committed his future to Red Bull with a new mega-money deal, GPFans understands.

The Dutchman's current contract was set to run out at the end of 2023 but the new contract comes in the wake of his first title triumph.

The deal, believed to stretch for at least the next four years, is expected to be worth a minimum of $40 million and is due to be announced imminently.

The 24-year-old has been a part of Red Bull's set-up since joining F1 in 2015 with Toro Rosso [now AlphaTauri], before being thrust into the parent team after four races in 2016.

Verstappen's commitment to the Milton Keynes-based team comes as no surprise given his comments in the aftermath of his thrilling championship victory in Abu Dhabi last year.

At the time, he said: "To my team, I think they know I love them and I hope we can do this for 10 or 15 years together.

"There is no reason to change, ever. I want to stay with them for the rest of my life and hope they let me."

The announcement will be a welcome boost of confidence for Red Bull heading into F1's new era as the team continues to prepare its powertrains department on campus ahead of new power unit regulations being introduced mid-decade.

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Verstappen signs new mega-money Red Bull deal

Verstappen signs new mega-money Red Bull deal