Horner formally leaves Red Bull with £52m pay-off

Christian Horner has formally left Red Bull after agreeing a severance deal following his sacking as team principal in July.

A source close to Red Bull told BBC Sport that Horner had been given a pay-off of 60m euros (£52m).

The 51-year-old was in charge of the Formula 1 team since their inception in 2005, leading them to eight drivers' championship and six constructors' championship titles.

He had a salary of 12m euros (£10m) a year and a contract to 2030.

On 9 July the team announced Horner had been "released from his operational duties".

He was dismissed after a controversial 18 months that started when a female employee accused him of sexual harassment, an allegation that was made public in February 2024.

Horner was twice cleared of the claims, firstly after an internal investigation conducted by a lawyer, then by another lawyer who dismissed the complainant's appeal.

In a statement on Monday Oliver Mintzlaff, Red Bull's chief executive officer corporate projects and investments, thanked Horner for his "exceptional work".

He added: "With his tireless commitment, experience, expertise and innovative thinking, he has been instrumental in establishing Red Bull Racing as one of the most successful and attractive teams in Formula 1."

Horner said in the same statement that leading Red Bull had been "an honour and a privilege".

More to follow.