Former Formula One team boss Christian Horner has officially left Red Bull after being ousted in July, with British media reporting an 80 million-pound ($163m) settlement.

A Red Bull statement on the team website on Monday 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.

The Daily Mail and Times newspapers both reported he had left with an 80 million-pound package -- less than he would have received had he served out his c

See Full Page