Max Verstappen's new Red Bull deal one of biggest paydays in Formula One history

Max Verstappen has signed a new deal with Red Bull (Bradley Collyer/PA)

Max Verstappen has signed a new deal with Red Bull which is set to land him one of the biggest pay days in Formula One history.

The PA news agency understands the world champion’s contract extension, which could be announced as early as Thursday, is worth as much as £40million-a-season.