Horner and Red Bull have finally parted ways.

      The process of Christian Horner’s dismissal from Red Bull was multi-stage and has now been completed. Lawyers agreed on all the details, including the size of the severance payment and the length of the mandatory leave, the parties signed a settlement agreement, and an official statement was released.

      Red Bull consultant Helmut Marko is not mentioned in the statement.

      Oliver Mintzlaff, Chief Executive Officer of Red Bull’s Corporate Projects: "We want to thank Christian for his exceptional contribution over the last 20 years.

      Through his tireless dedication, experience, expertise and innovative thinking he played a decisive role in turning Red Bull Racing into one of the most successful and attractive teams in Formula 1.

      Thank you for everything, Christian, you will forever remain an important part of our team's history."

      Christian Horner: "Leading Red Bull Racing has been an honor and a privilege. When we started in 2005, none of us could have imagined the journey ahead. I am incredibly proud of what we achieved as a team, breaking records and reaching heights that no one believed possible. I will always remember that.

      But most important to me was that I assembled and led an amazing group of talented and driven people, witnessed their flourishing as a subsidiary of the energy drink company, and watched them compete with and outperform some of the biggest automotive brands in the world.

      I wish Laurent, Max, Yuki and everyone in the Red Bull Technology Group all the very best. I am sure they will, as always, succeed on track for our fans and continue to give their all. I look forward to seeing the first Red Bull/Ford engine on the RB22 next year, as well as on the impressive RB17.

      I would like to thank our wonderful sponsors and partners for their unwavering support; they have played a key role in our success.

      I would like to express my huge gratitude to the fans for their constant belief; without them Formula 1 could not exist.

      I would like to thank the shareholders, the late Dietrich Mateschitz for the opportunity he gave me at the age of 31, Mark Mateschitz and Saravut Yuvidhya, as well as Chalerma and Darani Yuvidhya for their friendship and dedication during my time at Red Bull, and Oliver Mintzlaff and the board of directors for their support."

      On July 9 Horner was suspended from leading the team, on August 13 his contract with Red Bull Racing was terminated, and on September 22 the split and the agreements reached were announced.

      The exact sum of the payout is unknown, but it could amount to between £50 million and £80 million, making it one of the largest payouts in sports history. The exact figure will be specified in the official financial documents to be released at the end of the month.

      It has been established that Christian Horner will not be able to take up any other work in Formula 1 before April 9, 2026.