LONDON :Former Formula One team boss Christian Horner officially left Red Bull on Monday after being ousted in July, with British media reporting an 80 million-pound ($108 million) settlement.

A Red Bull statement on the team website announced the 51-year-old'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 remained an employee technically despite being released from his operational duties with the team.

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