Horner, the £52m pay-off, and what next for ex-Red Bull boss?
Summary
Christian Horner, former team boss of Red Bull, has left the team with a settlement reportedly worth 60 million euros (about £52 million). This payout comes after his contract, which was to last until 2030, was ended early. Details about the nature of the settlement are not confirmed publicly.Key Facts
- Christian Horner has left his position as the team principal of Red Bull Racing.
- He reportedly received a payout worth 60 million euros (approximately £52 million).
- There are different figures reported for the settlement, but BBC Sport trusts the 60 million euro figure.
- Horner's original contract with Red Bull was supposed to run until the end of 2030.
- His salary was reportedly 12 million euros (about £10 million) per year.
- Such large payouts after termination aren't uncommon in sports, similar to what happens with football managers.
- Red Bull is a private company, meaning it operates differently from publicly traded companies.
- Exits like Horner's are not unusual, as seen with high-profile exit packages in other industries.
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