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Following his dismissal as team principal in July, Christian Horner has officially departed Red Bull after reaching a severance agreement. While Red Bull's official statement regarding his exit did not specify on financial details, a source familiar with the matter revealed that Horner received a substantial pay-off of €60 million (£52 million), potentially marking one of the largest payouts ever seen in the world of sports. The 51-year-old had been at the helm of the Formula 1 team since its founding in 2005, guiding them to an impressive eight drivers' championships and six constructors' championship titles.