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Saturday's Formula 1 news roundup

Saturday's Formula 1 news roundup
© Reuters
Here, Sports Mole rounds up the latest Formula 1 news on Saturday, December 19.

Sports Mole rounds up all of the latest news regarding Formula 1 on Saturday, December 19

News from Formula 1:

Mercedes principal and CEO Toto Wolff extends role for three years
INEOS will become a one-third shareholder as part of a team re-structuring deal. Read more.

Toto Wolff: 'No special date for Lewis Hamilton contract'
The seven-time world champion's current contract runs out at the end of this month. Read more.

Sergio Perez joins Red Bull for 2021 season
The 30-year-old Mexican impressed for Racing Point last season, claiming victory at the Sakhir Grand Prix. Read more.

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Racing Point's Sergio Perez celebrates winning the Sakhir Grand Prix on December 6, 2020
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Red Bull to announce Perez deal on Friday
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