Christian Horner has officially left Red Bull after agreeing a multi-million pound exit package that will allow him to make a swift return to Formula 1.

Horner was sacked in July from his dual roles as Red Bull Racing team principal and chief executive after 20 years in charge of one of the sport's most successful outfits.

However, until now, he had remained officially employed by Red Bull as negotiations were held over the terms of his exit, with the Brit still having been owed more than £100m from a contract that had been due to run until the end of 2030.

Red Bull announced on Monday that they had reached an agreement for Horner to depart, with Sky Sports F1 understanding that the 51-year-old took a reduced pay-out to ensure he will be allowed to return to the sport as soon as next

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