Max Verstappen is poised to tag a lucrative new deal to enjoy him at Red Bull for the following few years, in accordance with Netherlands newspaper De Telegraaf.
The enviornment champion’s existing address Red Bull expires in 2023 and the newspaper says the brand new one would lengthen it by an additional four or five years.
The deal for the Dutchman, 24, is declared to be value €40-50m (£33-42m) a year.
Verstappen’s father Jos directed BBC Sport to Red Bull for a response to the story, however the personnel refused to speak.
The brand new deal, which has been anticipated for some time, would despicable among the many most lucrative in F1 history.
Britain’s Lewis Hamilton is assumed to compose a wage of about £40m from Mercedes, sooner than the venerable world champion’s many endorsements are taken into myth.
Red Bull motorsport director Helmut Marko confirmed final month that the firm had been “in talks” with Verstappen over a new deal.
The Austrian said final year that Hamilton’s wage develop into as soon as too dear for F1 and that the game must introduce a wage cap for drivers.
On the end of final year, after clinching the title within the controversial season finale in Abu Dhabi, Verstappen said he develop into as soon as wanting to address at Red Bull for years to come reduction.
Verstappen, whose recent deal runs to the end of 2023, said: “I’m very, very joyful the set I am, that’s clearly – adore I said within the radio message on the end of the bustle. For certain, that’s even as you can very effectively be very emotional but I mean it because I indubitably adore being share of this personnel.
“There would possibly be now not any such thing as a reason to leave here and I deserve to continue racing for this personnel for a truly very long time.”
He admitted the stress between Mercedes and Red Bull for the length of final season made it “now not very seemingly” he would switch to his recent personnel’s competitors within the long flee.
Red Bull personnel indispensable Christian Horner said on the time: “We salvage got him on a long-time length deal. It’s about relationships and he’s a highly valued share of the personnel. We salvage got considered him develop. There would possibly be a belief and a dynamic that works in both systems. He has tremendous faith within the folk round him and we carry out in him.”
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