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Johnny Hebert believes Sergio Perez’s seat at Red Bull could be ‘under threat’ after a couple of poor performances – and has backed Lando Norris to replace him. After winning two of the opening four races, in Saudi Arabia and Azerbaijan, Perez has struggled in comparison to runaway team-mate Max Verstappen. In Miami, he failed to hold on to first place with Verstappen hauling him in, while the Mexican had weekends to forget in Monaco and Spain where he finished 16th and fourth respectively. It means Perez now trails Verstappen by 59 points in the championship. “In real terms, I would say he is under threat,” ex-F1 driver and former Sky Sports pundit Herbert said, in an interview with OLBG. “As much as Sergio showed in the early part of the season that he was more than capable of mixing it with Max, there was then a point that he wasn’t. “But he is a very good number two. When he is on his game he can win. Even then he would be second of third and that will still enable Red Bull to win the constructors’ championship which is obviously very important.” Herbert then singled out four drivers capable of being a bigger challenge to Verstappen, singling out Norris in particular. “If you want more competitiveness to Verstappen, you either need Russell or Hamilton or Charles Leclerc – or maybe Lando Norris. “Lando Norris has a long-term contract with McLaren and I don’t know if he has a performance clause in it to move from McLaren. “I think it would be a good move for Red Bull. It would add positivity to the team and I think he is more than capable of being able to deal with that position.” Verstappen is going for his fourth win in a row at the Canadian Grand Prix this weekend while Perez is looking to cut the deficit to the irrepressible Dutchman. Read More Ferrari’s F1 flaws all the more baffling after shock success at Le Mans Mercedes chief predicts performance level at Canadian Grand Prix Lewis Hamilton contract update provided by Mercedes boss Toto Wolff F1 2023 calendar: Every race this season Max Verstappen maintains dominance but Mercedes show their teeth at Spanish GP F1 LIVE RESULT: Race standings and latest updates at Spanish GP

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British racing team Hitech Grand Prix have confirmed their bid to join the F1 grid for the 2026 season after announcing a major new investment deal. Hitech GP, who currently race in F2, F3 and F4, were reported to be one of a number of prospective new entries into Formula 1, alongside the likes of Andretti-Cadillac and Panthera Team Asia. Now, after announcing new investment with its parent company Hitech Global Holdings Limited selling a 25 per cent stake to Kazakh businessman Vladimir Kim, Hitech confirmed they have lodged a bid to the FIA to secure a spot in three years’ time. Hitech, based at Silverstone, stated in a press release that its F1 project was a “move that would complete its single-seater ladder and demonstrate that Hitech has all the right people, experience and resources to compete alongside the best teams in the world.” Kim, whose companies have previously sponsored Kazakh athletes such as champion boxer Gennadiy Golovkin, holds his main interests in the mining, banking and aviation sectors – with Hitech his first involvement in motorsport. “Motorsport has been a long-standing personal interest for me, and I am delighted to be entering into a partnership with an organisation that has enjoyed success in so many categories and has such ambitions for its future,” he said. “We have an established involvement with sport; however, this is our first global investment in motorsport. “Its dynamic appeal, growing exposure, business-to-business marketing opportunities and burgeoning fan base are aligned with my ambitions personally and commercially.” Hitech CEO Oliver Oakes added: “I am delighted to welcome Vladimir Kim to the Hitech group. “During our discussions we found many natural synergies and I know that his support will be invaluable as we seek to build on Hitech’s success and work towards achieving its broader ambitions over the years to come.” Audi are already confirmed to be joining the grid in 2026, taking over from the Sauber works team currently branded as Alfa Romeo, and announced their first test driver last week. Read More Audi name first driver to join F1 team ahead of 2026 season entry Inspired by Schumacher, meet the Hong Kong billionaire targeting a new Formula 1 team Why have Wrexham owners Ryan Reynolds and Rob McElhenney invested in an F1 team? Ryan Reynolds and Rob McElhenney to invest in F1 team ‘There will be crashes’: George Russell sends stark warning to F1 bosses

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Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

Growing up doesn’t mean we should have to sacrifice our sense of playfulness and imagination — especially when it comes to our personal style — and the latest collaboration from New York fashion brand Coach with Observed By Us is a perfect reminder of exactly that.