The 51 -year -old may receive substantial compensation after his dramatic dismissal.
Christian Horner may receive a generous compensation from Red Bull, between £ 50 million and £ 60 million, after his resignation on Wednesday. After 20 years ahead of the team, the 51 -year -old was dismissed from his duties as director and CEO of the team with immediate effect, and Laurent Mekies was confirmed in his place.
His resignation occurs after rumors of internal conflict in Red Bull after its difficult beginning of the season. After the announcement of his resignation, Horner would have made an emotional speech to the team at the team’s headquarters in Milton Keynes. He would be about five and a half years of contract, which means he can now receive substantial compensation.
According to The Telegraph, Red Bull Technology Ltd. Accounts show that the reunion of its best paid director, presumably Horner, increased by 11%to £ 8.92 million by 2023. It is almost certain that this amount will increase again after Max Verstappen wins the pilot championship in 2024.
Horner previously announced that he would remain linked to Red Bull by the end of the 2030 season. If his lawyers insist on paying the rest of the contract, he could receive up to 60 million in compensation.
According to Celebrity Net Worth, Horner currently has a net worth of about £ 36.8 million. Given its history, it is almost certain that he will receive attractive offers to return to F1, although he has not yet indicated if he plans to take a break from the sport.
During its management, Red Bull won eight drivers and six builders titles. Hours after leaving Milton Keynes on Wednesday, Horner posted an exciting message on social networks for everyone with whom he worked in the last two decades.
“After twenty years of incredible shared adventure, it is with immense sadness that I say goodbye to the team that I loved so much today,” he wrote on Instagram. “Each of you, the amazing factory staff, was the basis of everything we have achieved.”
“In victories and losses, at every step of the way, we support ourselves as usual, and I will never forget that. It was a privilege to be part and lead this amazing team, and I am very proud of our collective achievements and all of you.”
