Sergio Perez has confirmed he is “finalising” a deal to remain with SportPesa Racing Point for the 2020 season.
The Mexican has been with the team since 2014 when they were known as Force India and has taken five podiums in that time.
Rolling one-year deals have been how Perez operates with the team, reportedly relying on an alignment between him, his sponsors, and the team, and it appears his next deal for 2020 is imminent.
“I think things are settling down, my priority will be to continue with the team,” he is quoted by Motorsport Week.
“[The deal is] not done yet. We are finalising it. But you know in Formula 1 until it’s done it’s never done. [But] I see very good prospects for the future so I look forward to it.”
Financial strains were a common foe for Force India, but since Lawrence Stroll’s consortium purchased the team last year and renamed them Racing Point, those money worries have been significantly eased.
The team confirmed their switch to using Mercedes’ wind tunnel in Brackley, rather than Toyota’s Cologne unit, and they will also build a new factory at their current Silverstone site.
With SportPesa Racing Point now building solid foundations to rise up the grid, Perez is targeting something more long term with the outfit.
“I think now the prospect and the ambitions of the team is very good,” he explained.
“I think it will be very good to get a long-term deal here because I see that the team is going forwards.
“I think it works both ways well, and we ideally would like to commit for a long-term deal, so hopefully we can work out the terms and everything.
“When you look around it’s definitely a good place to be. I’ve been [a] very long [time] with the team.
“I remember what a weekend I had last year and the administration process, I had all that here last year, so to come back here after one year and see where the team is and where the team is heading to I feel very proud of that.
“I definitely haven’t finished business, although I’ve been a long time with the team, I see more to come.”