Sacked Red Bull Racing principal Christian Horner will be allowed to join another Formula 1 team as soon as next year after accepting a multimillion-dollar payout from the energy drinks giant.

Horner was axed in a July boardroom coup, but the title-winning team boss remained on the payroll as negotiations continued over termination of his contract, which ran until 2030.

Red Bull Racing announced this week that Horner has now formally left the team, with reports suggesting he accepted a US$100 million (A$151.6 million) pay-off.

The Englishman was reportedly on a yearly salary of £8.92 (A$18.25 million) in 2023, when the team won all but one race on the way to a dominant drivers-constructors title double. That figure would have increased in the years since, and he would also have had his

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