Horner formally leaves Red Bull after agreeing exit from F1 team

AFP | London

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Christian Horner has officially left Red Bull after reportedly agreeing a huge pay-off with the Formula One team, it was announced yesterday.

The 51-year-old, who led Red Bull to eight drivers’ titles and six constructors’ crowns, was sacked as team principal in July.

His contract, which had been due to run until 2030, has now concluded and he will be free to return to the sport, potentially as soon as next year.

Media reports in Britain suggested Horner will receive up to £80 million ($107 million) in the pay-off.

A Red Bull Racing statement read: “Oracle Red Bull Racing announces today that team principal and CEO Christian Horner will leave the team today.”