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Ammon News - Sergio Perez has extended his contract and will remain with Red Bull until 2024; "For us, holding onto his pace, race craft and experience was a no-brainer and we are delighted that Checo will continue to race for the team until 2024," said team boss Christian Horner in a statement.

Sergio Perez has signed a two-year contract extension with Red Bull.

The Mexican driver, who won the Monaco Grand Prix on Sunday, has now committed to the team until the end of the 2024 season.

Perez, 32, is currently third in the drivers' world championship standings after finishing fourth last year.

"For me, this has been an incredible week, winning the Monaco Grand Prix is a dream for any driver and then to follow that with announcing I will continue with the team until 2024 just makes me extremely happy," Perez said in a statement.

"I am so proud to be a member of this team and I feel completely at home here now. We are working very well together and my relationship with Max (Verstappen), on and off the track, is definitely helping drive us forward even more.

"We have built tremendous momentum as a team and this season is showing that, I am excited to see where that can take us all in the future."

Red Bull Racing team boss Christian Horner said: "Time and again he [Perez] has proved himself to not only be a magnificent team player but as his level of comfort has grown he has become a real force to be reckoned with at the sharp end of the grid.

"For us, holding onto his pace, race craft and experience was a no-brainer and we are delighted that Checo will continue to race for the team until 2024. In partnership with Max we believe we have a driver pairing that can bring us the biggest prizes in F1."

*SKY