Christian Horner has accepted a severance package deal from Pink Bull that formally ends his relationship with the group, two months after he was sacked as Pink Bull Racing’s group principal.
“We want to thank Christian for his distinctive work over the past 20 years,” mentioned Oliver Mintzlaff, CEO Company Tasks and Investments.
“Along with his tireless dedication, expertise, experience and progressive considering, he has been instrumental in establishing Pink Bull Racing as one of the profitable and enticing groups in Formulation 1. Thanks for every thing, Christian, and you’ll eternally stay an necessary a part of our group historical past.”
A group assertion didn’t supply any particulars in regards to the phrases of the settlement, nonetheless varied shops have put the determine between $70m and $100m.
Horner led Pink Bull Racing from its inception in 2005, and steered the group to 6 Constructors’ championships, eight Drivers’ titles, 124 Grand Prix victories and 107 poles.
He earned a reported wage of 12m euros ($14.1m USD) with a contract that ran by way of to 2030 when he was relieved of his duties in July and changed by Laurent Mekies.
In response to experiences, Horner could also be permitted to return to F1 with one other group as quickly as subsequent yr.
“Main Pink Bull Racing has been an honor and privilege,” Horner mentioned.
“After we began in 2005, none of us may have imagined the journey forward – the championships, the races, the individuals, the reminiscences. I’m extremely happy with what we achieved as a group, breaking information and reaching heights no-one would ever consider have been potential, and I’ll eternally carry that with me.
“Nonetheless for me, my greatest satisfaction has been assembling and main essentially the most wonderful group of proficient and pushed people, and seeing them flourish as a subsidiary of an power drinks firm, and seeing them tackle and beat a number of the greatest automotive manufacturers on the earth.”
