CHRISTIAN HORNER has agreed an £80million pay-off from former employers Red Bull, according to reports.
The long-time team principal was axed by the Formula 1 team in July.
GettyChristian Horner departed Red Bull in July[/caption]
Horner’s sacking came one year after he was embroiled in a ‘sexting scandal’.
The 51-year-old was alleged to have sent inappropriate messages to an unnamed colleague.
Having kept his job in the wake of the scandal, Horner was axed a year later following Red Bull’s underwhelming start to the season.
According to The Times, Horner and Red Bull have now agreed on an £80m settlement.
The agreement also leaves the former Red Bull chief likely to remain on gardening leave until early next year.
Horner could return to the paddock with another team early next season.
Upon sealing his exit, Horner said: “Leading Red Bull Racing has been an honour and privilege.
“I’m incredibly proud of what we achieved as a team breaking records and reaching heights no-one would ever believe were possible and I will forever carry that with me.
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“However for me my biggest satisfaction has been assembling and leading the most amazing group of talented and driven individuals and seeing them flourish.”
Red Bull supremo Oliver Mintzlaff added: “We would like to thank Christian for his exceptional work over the last 20 years.
“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.
“Thank you for everything, Christian, and you will forever remain an important part of our team history.”
