Red Bull Racing is grappling with an enormous financial burden following the decision to part ways with Sergio Perez.

Once healed, Ricciardo rejoined and finished the 2023 season alongside teammate Tsunoda, and they formed this year’s lineup for the rebranded RB. It left Lawson, now 22, on the sidelines again, with five grands prix under his belt. As Red Bull’s reserve driver, the New Zealander was at the race weekends and following along from the garage.

Red Bull Racing and Sergio Perez have reached an agreement to part ways effective immediately, ending their four-year partnership.

Thank you, Checo." Perez won five Grands Prix in Red Bull colours, including a victory at the Monaco GP and a double in Azerbaijan. However, his form dipped in the 2024 season leading to rumours about his future in the team.

Red Bull driver Sergio Perez has announced his exit from the Formula One team, potentially paving the way for Kiwi Liam Lawson to take his place.

Formula One season hasn't been kind to Red Bull, and the departure of Sergio Perez after four seasons marks a big change in the team. Max Verstappen, Perez's teammate, has been vocal about supporting Perez amid criticisms of his performance.

Liam Lawson is expected to be within three tenths of a second of Max Verstappen in F1 2025, according to Helmut Marko. Lawson steps up to Red Bull Racing from Racing Bulls in F1 2025, having only competed in 11 races in Formula 1 over the course of the last two seasons.

Red Bull were uncharacteristically undeveloped last year, failing to introduce significant solutions to the RB20. Thanks to McLaren’s unforced errors and moments of brilliance from Verstappen, they managed to clinch the drivers’ crown.

Red Bull advisor Helmut Marko has hinted at future Formula 1 opportunities for axed star Sergio Perez. Following a dismal 2024 season, Perez has decided to take a 'sabbatical' from the sport, instead being replaced in his full-time seat with the team by New Zealander Liam Lawson.