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New Vettel deal 'a formality'
Red Bull team principal Christian Horner has described Sebastian Vettel's contract extension as "a formality".
Vettel extended his contract with the team for a further year until the end of 2015 on Tuesday, ending speculation he could join Ferrari in the immediate future. While Horner was keen to talk up the significance of Vettel's commitment he said the extension was not the result of long negotiations.
"It was more of a formality than anything else," Horner told Sporting Life. "We have a long-term agreement with Sebastian, and it was just perfect timing for both sides to extend for another year."
Horner also said that nothing should be read in to the fact that it's a one-year contract extension other than that it's a show of confidence from Vettel.
"The details of the contract between the parties are always going to be confidential. The fact he has signed this extension shows his commitment to Red Bull, and hopefully the relationship will go beyond 2015, which is already some way into the future. He's been part of the Red Bull family, since starting out as a junior, for more than 12 years now, so he's grown up with Red Bull.
"He's achieved all 29 victories in cars designed by Adrian [Newey], and he is still growing and developing as a driver. He enjoys the environment he is working in, we enjoy having him and working with him. It's a relationship that works."