F1: Red Bull and Christian Horner announce end of agreement deal

Christian Horner and Red Bull Racing have confirmed the end of one of Formula 1's most successful partnerships, with the team announcing on Monday that the long-serving team principal has finalized his exit after nearly 20 years in charge.

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Horner, 51, had been removed from his operational roles in July but only now has reached a settlement with Red Bull over the terms of his departure. He had remained on the books of the company as negotiations were concluded, with reports suggesting he was still owed more than £100 million from a contract running through to 2030.

"Leading Red Bull Racing has been an honor and privilege," Horner said in a statement. "When we started in 2005, none of us could have imagined the journey ahead — the championships, the races, the people, the memories. I'm incredibly proud of what we achieved as a team breaking records and reaching heights no-one would ever believe were possible and I will forever carry that with me."