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Formula One: Max Verstappen set to sign new Red Bull contract worth £22m-per-year

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Max Verstappen ‘set to sign new Red Bull contract worth £22m-per-year’ as F1 World champion looks to continue winning partnership after breaking Lewis Hamilton’s hold on title

  • World champ Max Verstappen is about to extend his new contract with Red Bull
  • The Dutchman is set to agree a £4m pay-hike according to a report in Holland
  • Verstappen broke Lewis Hamilton’s four-year hold on the world title last year
  • And he and Red Bull are desperate to continue their winning partnership


Max Verstappen is about to extend his new contract with Red Bull, with confirmation of the new deal expected in the next few weeks.

The Dutchman broke Lewis Hamilton’s four-year stranglehold on the world championship last season and despite the controversial nature of the victory he is keen to embark on his own dynasty.

The championship was Red Bull’s reward for taking a chance on Verstappen as a youngster and they are desperate to tie down his future.

Max Verstappen is set to renew his contract with Red Bull, according to a report in Holland

Max Verstappen is set to renew his contract with Red Bull, according to a report in Holland

Verstappen, pictured celebrating winning the 2021 title, is set to increase his salary to £22m

Verstappen, pictured celebrating winning the 2021 title, is set to increase his salary to £22m

Verstappen, 24, is also keen to stay with Red Bull, as he made clear in the aftermath of clinching the world title in Abu Dhabi in December. 

And according to Dutch newspaper De Telegraaf, both parties are set to announce a new contract, keeping Verstappen with Red Bull for a significant period and raising his salary from £18million to £22million plus bonus payments.

The report said Verstappen’s manager Raymond Vermeulen went to visit Red Bull boss Helmut Marko in his home in Graz, Austria to discuss the new deal, which is expected to be made official in the next few weeks.

Verstappen’s contract with Red Bull runs to mid-2023 and the report said the deal would be ‘significantly’ extended. 

Verstappen and team director Christian Horner (L) are keen to continue working together

Verstappen and team director Christian Horner (L) are keen to continue working together

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