Sergio Perez's deal with Racing Point F1 team set to be extended

Sergio Perez is set to extend his stay with the Racing Point Formula 1 team beyond the 2020 season, although he insists the deal is still being finalised

Sergio Perez's deal with Racing Point F1 team set to be extended

Although Perez has been mentioned in connection with Haas, extending his stay with Racing Point has been his main target.

Some sources have suggested an announcement is imminent, possibly as early as this weekend's Hungarian Grand Prix.

"Things are settling down," said Perez. "My priority will be to continue with the team.

"[The deal is] not done yet. We are finalising it, but you know in F1 until it's done, it's never done.

"As I've said, I see very good prospects for the future, so I look forward to it."

Perez's deals with the former Force India team that Racing Point succeeded were often complicated by parallel but separate contracts with his Mexican sponsors.

Asked by Autosport if he wanted a multi-year deal rather than to be free to look elsewhere at the end of another one-year deal, Perez said: "I think the prospect and the ambition of the team is very big.

"It will be good to get a long-term deal here because I see that the team is moving forward.

"I think it works well both ways, and we ideally would like to commit for a long-term deal, and hopefully we can work out the terms and everything."

Asked if the prospect of staying with the team into the 2021 season, when F1's next major regulation shake-up is due to be introduced, was appealing to him, Perez added: "I think so. When you look around it's definitely a good place to be.

"I've been with this team very long. I actually remember coming here [to the Hungaroring in 2018, when Force India went into administration], what a weekend I had last year in terms of all the administration process and all that happened here.

"So to come back here after one year and to see where the team is I feel very proud of that.

"I definitely have unfinished business; although I've been with the team for a very long time I see more to come."

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