Racing Point driver Sergio Perez has announced he will be leaving the British Motor Racing at the end of the year.

There have been widespread speculations that the Mexican might be replaced by Ferrari’s outgoing driver Sebastian Vettel, the 30-year-old has however revealed via his twitter handle that he is exiting Racing Point after seven years.

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”, Perez said.

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The former Ferrari academy product who joined Racing Point when it was still Force India in 2013 recalls his moment and wished the team success in their future endeavours.

It hurts a bit as I bet on the team during very rough times; we managed to overcome obstacles and I am very proud of saving the jobs of several of my team-mates.

“I’ll keep the memories of the great moments lived together, the friendships and the satisfaction of always giving my all. I will always be grateful for the opportunity given to me Vijay Mallya, who believed in me in 2014 and allowed me to continue my F1 career with Force India.

“To the current administration, led by Lawrence Stroll, I wish nothing but the best for the future, specially with the upcoming Aston Martin project.”

Meanwhile, Racing Point has also released a statement to confirm Perez exit. Speaking via the team boss Otmar Szafnauer, the Silverstone based racing team spoke highly of Perez who finished five times on the podium in his seven-year reign.

“Checo has been part of the Silverstone family for seven years and in that time has become one of the most complete drivers on the grid. Blisteringly quick on Saturday and Sunday, he’s established his reputation as a tenacious racer and together we have enjoyed some fantastic moments.

“If there was ever a sniff of a podium, Checo was ready to pounce, and those five podiums represent some of the finest days in the history of this team. Outside of the car, Checo is a true character and a good friend, and it’s been a pleasure working with him for such a long time. Although we will say goodbye at the end of the year, there are still nine races to go and plenty of opportunities for Checo to make some more special memories with this team.”

Checo, as he is fondly called has made 186 entries with 182 starts in his F1 career since his first entry with Sauber in 2011, he has amassed 615 points, making eight podium finishes and recording four fastest laps.

Racing Point is currently fourth on the Formula 2020 constructors’ standing with 82 points. They are set to be called Aston Martin from next season.