Max Verstappen has signed a five-year contract extension with Red Bull ahead of the 2022 season.
The Formula One world champion's previous deal was due to expire next year, but his team on Thursday announced that the 24-year-old will stay on until at least the end of the 2028 season.
Verstappen claimed his first F1 title in 2021 by pipping Lewis Hamilton in controversial circumstances in Abu Dhabi.
The Dutchman said: "I really enjoy being part of Red Bull Racing, so choosing to stay to the 2028 season was an easy decision. I love this team and last year was simply incredible.
"Our goal since we came together in 2016 was to win the championship and we have done that, so now it's about keeping the number one on the car long-term."
Hamilton had seemingly won a record-breaking eighth crown last year, but Williams driver Nicholas Latifi crashed with four laps to go in Abu Dhabi, leading to the safety car coming out.
When the race restarted there was only one lap remaining and Verstappen was able to start just behind his rival despite Hamilton previously having a significant lead over him. Verstappen’s car had been fitted with new tyres, enabling him to overtake the Mercedes driver and sensationally dethrone his rival.
Verstappen would have likely been in line for a new deal regardless of that incredible outcome at the Yas Marina Circuit, with Mercedes generally seen as the only team that could compete with Red Bull from a financial perspective.
Tension between the two teams in the 2021 campaign – not to mention Mercedes already paying Hamilton a fortune – made a switch to their rivals in the near future highly unlikely.
According to reports, Verstappen's new deal puts his earnings in a similar bracket to Hamilton, with the world champion apparently set to be paid €40-50million (£33-42m) per year – the seven-time champion is said to earn €48m (£40m).
Red Bull and Verstappen will be relieved to have such formalities out of the way in plenty of time ahead of the new season, which is due to begin with the Bahrain Grand Prix on March 20, the weekend after a second round of pre-season testing.
Xavi commits U-turn and elects to stay at Barcelona
Barcelona head coach Xavi will continue in his role next season after an unexpected reversal of his decision to leave at the end of the 2023-24 campaign, according to widespread reports.
The former Barcelona midfielder announced in January that he would walk away from the job at the end of the current season, even though his contract was due to run until the end of the following term.
Xavi acknowledged the Barcelona role had taken its toll but reportedly changed his plans after a meeting with Blaugrana president Joan Laporta on Wednesday.
The 44-year-old was initially appointed as Barca coach in 2021 before leading the LaLiga giants to the top-flight title in the 2022-23 campaign.
Xavi's initial announcement of his intentions to depart Barcelona came after a tough period following defeats to Girona, Real Madrid and Athletic Club before revealing the news in the aftermath of a 5-3 loss to Villarreal.
The Blaugrana turned their fortunes around after that decision became public, though, going 13 games unbeaten across all competitions.
Unsurprisingly, that run encouraged Laporta, vice president Rafa Yuste and sporting director Deco to plead with Xavi to continue until the end of his agreed contract.
Though that undefeated streak ended with a 4-1 defeat to Paris Saint-Germain that dumped Barcelona out of the Champions League quarter-finals, Xavi has now agreed to stay in his role.
The league title is almost out of reach this term, however, as Real Madrid moved 11 points clear of second-placed Barca with Sunday's 3-2 Clasico victory.
Xavi makes U-turn and elects to stay at Barcelona
Barcelona head coach Xavi will continue in his role next season after an unexpected reversal of his decision to leave at the end of the 2023-24 campaign, according to widespread reports.
The former Barcelona midfielder announced in January that he would walk away from the job at the end of the current season, even though his contract was due to run until the end of the following term.
Xavi acknowledged the Barcelona role had taken its toll but reportedly changed his plans after a meeting with Blaugrana president Joan Laporta on Wednesday.
The 44-year-old was initially appointed as Barca coach in 2021 before leading the LaLiga giants to the top-flight title in the 2022-23 campaign.
Xavi's initial announcement of his intentions to depart Barcelona came after a tough period following defeats to Girona, Real Madrid and Athletic Club before revealing the news in the aftermath of a 5-3 loss to Villarreal.
The Blaugrana turned their fortunes around after that decision became public, though, going 13 games unbeaten across all competitions.
Unsurprisingly, that run encouraged Laporta, vice president Rafa Yuste and sporting director Deco to plead with Xavi to continue until the end of his agreed contract.
Though that undefeated streak ended with a 4-1 defeat to Paris Saint-Germain that dumped Barcelona out of the Champions League quarter-finals, Xavi has now agreed to stay in his role.
The league title is almost out of reach this term, however, as Real Madrid moved 11 points clear of second-placed Barca with Sunday's 3-2 Clasico victory.
Rosberg backs Hamilton and Leclerc battle after surprise Ferrari switch
Lewis Hamilton and Charles Leclerc riding for Ferrari will be "great to watch", according to Nico Rosberg, who expects a "tough battle" between two Formula One drivers on a similar level.
Mercedes and Hamilton will part ways after 12 seasons together as the seven-time world champion prepares to join Ferrari.
Leclerc got the nod ahead of current team-mate Carlos Sainz to remain with the Italian team, with the Ferrari driver ready to join forces with Hamilton in 2025.
"We're all looking forward to that dynamic," Rosberg, who partnered Hamilton at Mercedes from 2013 to 2016, told Sky Sports.
"Charles doesn't seem like someone who goes into conflict too much with his team-mate, so that will make it easier, maybe it won't be too extremely spicy."
Hamilton has failed to finish ahead of Mercedes team-mate George Russell in any of his first five 2024 grand prixs.
Yet Rosberg has no doubt over his quality, nor his soon-to-be partner Leclerc, who he ranks just behind Max Verstappen.
"Charles is probably the second-best qualifier out there after Max Verstappen, one could possibly say at the moment, so it will be a tough battle for both," Rosberg added.
"I think the level could be pretty similar, so it will be great to watch."
Ferrari's decision to move on from Sainz may come as somewhat of a surprise, given the team have featured on the podium at four of the five races this season.
Whereas Hamilton's switch comes after Mercedes failed to engineer a car capable of competing with the likes of Red Bull, though choosing Ferrari caught the eye.
"It came as a huge surprise," Rosberg said. "No one expected it. But If you look at the grand scheme of things, then why not?
"It's towards the end of his career. They are two legendary teams and I know Lewis has always been a big fan of Ferrari, so why not make that switch and have a different experience of driving in red once?
"At the moment, it seems in performance terms to be the right decision for him, which maybe he's made an amazing move like he did 12 years ago by moving from McLaren for Mercedes.
"McLaren was winning races and Mercedes was nowhere, and the moment he moved, McLaren went backwards and Mercedes started winning races. Maybe he can get the same timing done again."
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