While Pérez signed a new contract with the team ahead of the Canadian Grand Prix, reporting indicates that the contract allows for Pérez to be moved into an ambassadorial role.

Even in the throes of a miserable run of form to end what he has labeled a “terrible” Formula One season with Red Bull, Sergio Pérez’s outward confidence about his future has never been shaken. On Thursday,

Christian Horner has all but confirmed that Sergio Perez won’t be returning to Red Bull as an F1 driver next year. The Mexican has endured a dismal season on the track and has fallen to eighth in the standings after another substandard weekend at the Qatar Grand Prix.