Perez wins £2m payout from former sponsor

Jamie Woodhouse
Sergio Perez at the 2021 Dutch GP.

Red Bull driver Sergio Perez walks through the paddock at Zandvoort.

Sergio Perez has been successful in court against one of his former sponsors, with the reward being a £2million windfall.

Perez has always enjoyed strong support in his native Mexico, not only from the fans, but also sponsors. One of those sponsorship deals met a sticky end, though, a few years ago.

Mexican state-owned oil firm Pemex were set to sponsor Perez for his 2019 campaign at Racing Point, but that deal was cancelled late in 2018 before it even began following a change of government.

Perez’s management team therefore took legal action against MGI Asistencia Integral, a subsidiary of Pemex, and that case has now been settled with a court ruling demanding that MGI pay Perez 56m Mexican pesos, equating to £2.021million.

There will also be interest to be paid to Perez.

Sergio Perez walking. Belgium August 2021
Red Bull driver Sergio Perez walking at the Belgian Grand Prix. Belgium August 2021

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So, Perez may well be winning behind the scenes, but on the race track it is a far different story.


After appearing to make strong progress in the tricky Red Bull RB16B at the Azerbaijan and French GPs, it has been more of a struggle for Perez ever since, with qualifying proving a particular sticking point.

With seven rounds of the season to go, Perez finds himself P5 in the Drivers’ Championship, 124.5 points behind team-mate Max Verstappen.