Racing point’s driver Sergio Perez has announceds that he will be leaving the team at the end of 2020 Formula 1 season.

The mexican joined the team in 2014 when it was under the name Force India and also remained as a key factor for the survival of the team after it was taken over by a company headed by Lawrence Stroll naming it Racing Point up to date.

Sergio Perez exit clears the way for Sebastian Vettel to join the team as he has been heavily linked with the team which will be rebranded Aston Martin Racing after the owner(Lawrence Stroll) invested in the British car company.

Perez had signed a three year contract with Racing Point last year and it seems it was in the best of his interests to terminate the contract after 2020. It is not yet known what the 30-year-old plans after 2020 but he wishes to remain in Formula 1 for the 2021 season.

It is believed that Alfa Romeo might be seeking for his sevices as the Haas Formula 1 team yet to determine its driver line-up for 2021.

“Everything in life always has a beginning and an end, and after seven years together, my time with the team will come to an end after this season,” said Sergio Perez in a statement released on Wednesday.

“It hurts a bit as I bet on the team during very rough times; we managed to overcome obstacles and I am very proud of saving the jobs of several of my team-mates…I’ll keep the memories of the great moments lived together, the friendships and the satisfaction of always giving my all.”

“I will always be grateful for the opportunity given to me by Vijay Mallya, who believed in me in 2014 and allowed me to continue my F1 career with Force India. To the current administration led by Lawrence Stroll, I wish nothing but the best in the future, specially with the upcoming Aston Martin project.” Added perez.

“I don’t have a plan B. My intention is to continue racing here, but that would depend on finding a project that motivates me to continue giving my 100 percent in each lap…I want to thank each one of you who have been with me throughout these 10 years. To my family, who has always been there to support me despite anything.”

“To all the sponsors who believed in my project, to my staff, and mainly God, who blessed me with the opportunity to live this incredible adventure called F1…I hope I can give you some good news real soon, but for now, let’s enjoy together the next races. I carry you in my heart”

The 30-year-old has scored eight podiums so far, five of them being with Racing Point.

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