Sergio Perez has had a disappointing 2024 season at Red Bull and is yet to win a race. AP
Sergio Perez has had a disappointing 2024 season at Red Bull and is yet to win a race. AP
Sergio Perez has had a disappointing 2024 season at Red Bull and is yet to win a race. AP
Sergio Perez has had a disappointing 2024 season at Red Bull and is yet to win a race. AP

Red Bull boss Horner to let Perez 'come to his own conclusions' about his future after Abu Dhabi Grand Prix


Steve Luckings
  • English
  • Arabic

Red Bull boss Christian Horner said he will let Sergio Perez "come to his own conclusions" about his future with the team after Sunday's final race in Abu Dhabi.

Perez fired another blank at Sunday's Qatar Grand Prix, failing to finish at the Lusail International Circuit.

His place as Max Verstappen's teammate has been questioned for months, with the Mexican having a signed contract for 2025 but his results so poor that his position looks untenable.

An announcement appears likely after next weekend's finale at the Etihad Airways Abu Dhabi Grand Prix, with Horner doing little to dampen speculation it will be the 34 year old's final drive with the team.

"I'm going to let Checo [Perez] come to his own conclusions, nobody's forcing him one way or another," Horner told reporters after Perez retired from the Qatar Grand Prix and Red Bull's slim hopes of defending the constructors' title ended.

"We're very much focused on really supporting him to the chequered flag in Abu Dhabi, and then obviously it's not an enjoyable situation for Checo, being in this position with speculation every week.

"He's old enough and wise enough to know what the situation is, and yeah, let's see where we are after Abu Dhabi."

  • Verstappen celebrates with a trophy on the podium after winning the Qatar Grand Prix at Lusail International Circuit on December 1, 2024. Reuters
    Verstappen celebrates with a trophy on the podium after winning the Qatar Grand Prix at Lusail International Circuit on December 1, 2024. Reuters
  • Red Bull's Max Verstappen celebrates after winning the Qatar Grand Prix. Reuters
    Red Bull's Max Verstappen celebrates after winning the Qatar Grand Prix. Reuters
  • Red Bull driver Max Verstappen celebrates victory. AP
    Red Bull driver Max Verstappen celebrates victory. AP
  • Race winner Max Verstappen celebrates after the race. Getty Images
    Race winner Max Verstappen celebrates after the race. Getty Images
  • Red Bull's Max Verstappen had already secured the drivers' title for a fourth year in a row. AFP
    Red Bull's Max Verstappen had already secured the drivers' title for a fourth year in a row. AFP
  • Ferrari's Charles Leclerc celebrates on the podium after securing second in Qatar. Reuters
    Ferrari's Charles Leclerc celebrates on the podium after securing second in Qatar. Reuters
  • Charles Leclerc ahead of his Ferrari teammate Carlos Sainz who finished sixth. Getty Images
    Charles Leclerc ahead of his Ferrari teammate Carlos Sainz who finished sixth. Getty Images
  • McLaren's Oscar Piastri finished in third place. AFP
    McLaren's Oscar Piastri finished in third place. AFP
  • George Russell is overtaken by Max Verstappen at the start of the race. The Mercedes driver would eventually finish fourth. Getty Images
    George Russell is overtaken by Max Verstappen at the start of the race. The Mercedes driver would eventually finish fourth. Getty Images

Perez is eighth in the championship standings and the only driver for a top four team yet to win a race this season.

His 152 points from 23 races pale in comparison to teammate Verstappen's 429. The Dutchman has won nine races – including Sunday's grand prix in Qatar – ahead of this year's final race at Yas Marina Circuit, and wrapped up his fourth successive drivers' crown in Las Vegas two weeks ago.

Perez, in contrast, has not finished on the podium since he finished third in China in April and has not won a race since April 2023. He won twice that year while Verstappen tore up the record books with 19 wins.

Perez started the 2024 season strongly with three second places in four races but then his form crashed and he has scored only 28 points from his last 10 races.

He has not finished inside the top six since Miami in May.

"Sometimes things don't go your way. We’re still here and optimistic that we can turn things around as a team, especially for next year," he told reporters in Qatar last week.

"I've been 14 years in the sport and I don't speak about my contracts publicly. So I will not comment on that. I know exactly where I am and I will not speak about it publicly," he added when pressed.

If Perez is moved out, New Zealander Liam Lawson looks a likely replacement. The RB driver finished 14th at the Qatar GP.

Argentine rookie Franco Colapinto has been tipped as a possibility also but a string of costly crashes for Williams may have made that less likely.

Red Bull also have Franco-Algerian Isack Hadjar challenging for the F2 title and could place him at RB alongside Japan's Yuki Tsunoda if Lawson moves up.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

Honeymoonish
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Arabian Gulf League fixtures:

Friday:

  • Emirates v Hatta, 5.15pm
  • Al Wahda v Al Dhafra, 5.25pm
  • Al Ain v Shabab Al Ahli Dubai, 8.15pm

Saturday:

  • Dibba v Ajman, 5.15pm
  • Sharjah v Al Wasl, 5.20pm
  • Al Jazira v Al Nasr, 8.15pm
SPEC%20SHEET%3A%20APPLE%20IPHONE%2015%20PRO%20MAX
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THREE
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Pathaan
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The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 720hp

Torque: 770Nm

Price: Dh1,100,000

On sale: now

MATCH INFO

Everton 0

Manchester City 2 (Laporte 45 2', Jesus 90 7')

Updated: December 03, 2024, 5:56 AM