Red Bull has secured Paul Monaghan’s services once again, as he has signed a new long-term contract.
Red Bull’s chief engineer Paul Monaghan has put pen to paper on a new deal with the Milton Keynes-based team.
Paul Monaghan, a long-standing member of Red Bull, has recently extended his contract with the World Champions, making him the latest senior staff member to commit to the team.
Paul Monaghan signs new Red Bull deal
PlanetF1.com has learned that Monaghan, who has been with Red Bull since 2005, has renewed his contract with the team for a new long-term agreement. This news came out on Friday during the Monaco Grand Prix.
Recently, the Milton Keynes-based team announced the departure of their longstanding chief technical officer, Adrian Newey. Newey will be leaving by mid-2025 and is currently on gardening leave. However, the team has managed to retain a number of their technical staff, who have recommitted to the squad.
Following technical director Pierre Wache’s renewal of contract in February, Monaghan has now become the latest member on the staff roster to re-sign. This recent development puts an end to the speculation of Monaghan potentially leaving for Ferrari.
Enrico Balbo, the aerodynamic chief, and Ben Waterhouse, the head of performance engineering, both signed new contracts in December.
Jonathan Wheatley, the team’s sporting director, is the only one who has not yet agreed to re-sign. However, it is believed that the British engineer will most likely sign a new contract, according to PlanetF1.com.
However, he still needs to find a new, higher-ranking position elsewhere on the grid. It is hoped that if other teams show interest in him, it will also enhance his financial value during negotiations with Red Bull.
More on the latest Red Bull F1 news
Red Bull reveal ‘first option’ for F1 2025 seat and set deadline for decision
Sergio Perez reveals Red Bull contract talks underway amid term rumours
If Christian Horner was unable to maintain the trust of Red Bull shareholders or if evidence emerged during the internal investigation into allegations about his conduct as team boss, Wheatley was considered a potential candidate to replace him.
However, despite Horner’s continued presence and support from both groups of shareholders, it is reported that Wheatley has been in talks with two additional teams in the racing lineup, which are speculated to be Alpine and Sauber.
Since Wheatley has reached a barrier in his career progression within the Red Bull organization and is unable to advance further, it becomes necessary for him to leave Milton Keynes if he genuinely wishes to achieve the higher level of management he aspires to.
When questioned about the uncertainty surrounding Wheatley’s immediate future, Horner declined to comment on the status of negotiations.
“After the Miami Grand Prix, he commented, ‘Rumors circulate about everyone, you know.'”
We typically don’t engage in public discussions regarding the contracts and their stipulations that individuals have agreed upon.
Read Next: Max Verstappen brands Red Bull RB20 a ‘kangaroo’ in startling Monaco practice
