Horner walks away with over $100-million from Red Bull

A Red Bull statement on the team website posted on Monday announced 51-year-old Hotrner’s formal departure but did not mention any financial terms.

Horner, one of the sport’s most successful team principals, was removed from his position at Milton Keynes by the Austrian energy drink company on July 9 after 20 years at the helm.

The Briton, who was replaced by Laurent Mekies, had technically remained an employee despite being released from his operational duties with the team. The Daily Mail and Times newspapers both reported he had left with an 80 million-pound package, less than he would have received had he served out his contract to 2030, and would be in a position to return to Formula One next year.

Media reports have said that Horner, who had been cleared of allegations of misconduct by a female employee at Red Bull, could take a stake in another team if he does make a comeback.

“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,” Horner said in the statement.

There was no immediate comment about his future plans. Red Bull have won the last two races, including Sunday’s in Azerbaijan, with four-times world champion Max Verstappen dominant from pole position.