In the Formula 1 World, the Red Bull Racing Team has two options regarding Sergio Perez’s contract, which runs out at the end of this season.
Their first option is to renew Sergio Perez, who has shown big improvements over the last year, currently ranking second in the driver’s standings. However, his performance is historically inconsistent, with notable slumps midway through seasons, including last year.
Their second option is to sign Ferrari's Carlos Sainz, who has displayed a consistently race-winning form, but will require a higher-paying contract. Additionally, he will need to be chosen quickly without time to negotiate a contract favourable to Red Bull, as multiple other teams are considering him; these include the successful Aston Martin and the currently in-development Audi.