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

Christian Horner left Red Bull after accepting a severance pay agreement after his dismissal in July.

A source close to Red Bull said that BBC Sport was given to Horner 60 million euros (£ 52 million).

The 51 -year -old has been responsible for the Formula 1 team since its 2005 organizations and took them to eight driver championships and six constructive championships.

On July 9, the team announced that “released from operational duties”.

In a statement on Monday, Red Bull’s General Manager of corporate projects and investments Oliver Mintzlaff thanked Horner for his “extraordinary work”.