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Red Bull ace Sergio Perez put pen-to-paper on a new deal with Red Bull earlier this week to keep him at the Austrian team until at least 2024. And Red Bull boss Christian Horner has explained why the contract extension was a "no-brainer."

"Since joining Oracle Red Bull Racing, Checo has done a fantastic job," Perez explained after the deal had been announced. "Time and again he has proved himself to not only be a magnificent team player but, as his level of comfort has grown, he has become a real force to be reckoned with at the sharp end of the grid.

"This year he has taken another step and the gap to world champion Max [Verstappen] has closed significantly, evidenced by his superb pole position in Jeddah earlier this year and by his wonderful win in Monaco just last weekend.

"For us, holding onto his pace, race craft and experience was a no-brainer and we are