Perez out at Racing Point at the end of 2020!

The rumors are true. Sergio Perez is leaving Racing Point after this year, opening the door for Sebastian Vettel.

Sergio Perez has announced he will leave Racing Point at the end of the 2020 Formula 1 season.

A statement released by Perez on Wednesday ahead of the Tuscan Grand Prix announced that he will depart Racing Point, which would seemingly pave the way for the team to confirm the arrival of Sebastian Vettel 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 Perez in a statement on social media.

Perez says he doesn’t yet have a fallback plan for 2021, saying he needs to take the time to find somewhere he could settle down long-term: “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!”