Christian Horner leaves Red Bull after agreeing exit from F1 team

The erstwhile Red Bull squad main has reportedly agreed a $107m payoff woody with the Formula One team.

Christian Horner has officially near Red Bull aft his sacking arsenic squad main successful July, the Formula One racing squad says successful a statement.

Horner, who led Red Bull to 8 drivers titles and six constructors crowns, reportedly agreed a immense payoff with the team, which announced his departure connected Monday.

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The 51-year-old’s contract, which had been owed to tally until 2030, has present concluded, and helium volition beryllium escaped to instrumentality to the sport, perchance arsenic soon arsenic adjacent year.

Media reports successful Britain suggested Horner volition person up to $107m successful the payoff.

A Red Bull Racing connection read: “Oracle Red Bull Racing announces contiguous that squad main and CEO Christian Horner volition permission the squad today.”

Horner said starring the squad had been an “honour and privilege”.

“When we started successful 2005, nary of america could person imagined the travel up – the championships, the races, the people, the memories,” helium said.

“I’m incredibly arrogant of what we achieved arsenic a team, breaking records and reaching heights nary 1 would ever judge were possible, and I volition everlastingly transportation that with me.”

Oliver Mintzlaff, CEO of firm projects and investments, thanked Horner for his “exceptional work”.

“With his tireless commitment, experience, expertise and innovative thinking, helium has been instrumental successful establishing Red Bull Racing arsenic 1 of the astir palmy and charismatic teams successful Formula 1,” helium said.

“Thank you for everything, Christian, and you volition everlastingly stay an important portion of our squad history.”

Horner was released from “operational duties” connected July 9, 17 months aft helium was accused by a pistillate workfellow of “inappropriate behaviour”.

He was doubly cleared of the allegations by the Formula One team’s genitor company, Red Bull GmbH.

But determination were rumblings of discontent wrong the squad and respective high-profile departures portion signifier connected the way dipped.

Dutchman Max Verstappen has won the past 4 drivers titles for Red Bull, matching the accomplishment of Sebastian Vettel, who dominated for the squad from 2010 to 2013.

Verstappen, who won the Azerbaijan Grand Prix connected Sunday, is 3rd successful the standings this season.