The media 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 until the 2028 season was an easy decision,” said Verstappen, who will race alongside Mexico’s Sergio Perez this season for the second year in a row.
“I love this team and last year was just amazing, our goal since we came together in 2016 was to win the championship and we have, so now it’s about keeping the number one car for the long term,” he added.
Verstappen, who made his Formula One debut with Red Bull-owned Toro Rosso as a 17-year-old in 2015, claimed his first crown after beating Hamilton in controversial circumstances at December’s Abu Dhabi Grand Prix.
The Dutchman, who took his first win on his Red Bull debut in 2016 and has won 20 races, will now be in a similar league to Hamilton, whose current contract with Mercedes, which expires at the end of next season, is reportedly due. valued at 40 million pounds a year.
“Having Max signed with Oracle Red Bull Racing until the end of 2028 is a real statement of intent,” said team principal Christian Horner. “Our immediate focus is to retain Max’s world championship title, but this deal also shows that it is part of the team’s long-term planning.”
Source: Ambito
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