Overview

• Oracle Red Bull Racing issued a statement Monday confirming Horner’s departure but disclosed no financial terms.
• Multiple outlets report a settlement of about £80 million, with figures across reports ranging from roughly £52 million to near $100 million, shaped by a contract that ran to 2030.
• Reports say the exit includes gardening leave that would permit a Formula 1 return in early to mid‑2026.
• Horner was relieved of operational duties on July 9 and replaced as team principal by Laurent Mekies.
• He leaves after leading eight drivers’ and six constructors’ titles, having been twice cleared of prior misconduct allegations as coverage also points to internal power struggles within Red Bull.