Christian Horner's sacking could cost Red Bull tens of millions

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Red Bull caused a stir in the F1 world earlier this week after announcing the dismissal of Christian Horner following 20 years of service. The Briton has been shown the exit doors after a turbulent 18 months on and off the track for Red Bull - but he technically still remains employed by the company. With the Briton sitting as one of the highest earners in the company, terms of his dismissal still have to be worked out. Until that is sorted, he remains on Red Bull's payroll. Various reports have suggested Horner had a contract in place until 2030, which would have extended his stint as Red Bull boss to 25 years. According to annual financial reports, the 2023 documents - 2024's have not yet been published - detail that Horner earned £7 million, not including bonuses. That figure likely will have only increased in the last two years amid Red Bull's continued run of title success with Max Verstappen. With several years left on his contract, Horner's eventual earnings could have reached the £40 million mark had the remaining term been honoured. Horner has been one of the most animated characters in the F1 paddock across the last 20 years and has no doubt been a valuable asset for Red Bull. Aside from his unique personality that made him a household name, Horner has overseen the development of one of the sport's most successful teams. He has a lot to bring to the negotiation table when he sits down for talks with Red Bull. And it may not strictly be money-related. With 14 F1 titles and 124 grand prix wins under his belt as a team boss, there will be no shortage of interest in his services. If he wants to return to the grid soon, his gardening leave period could be central to the talks. Article continues below the image. New team AND new role? Earlier in the year, Horner was already being linked with a move away from Red Bull, with Ferrari and Alpine touted as potential destinations.  At the time, Horner asserted he had absolutely no interest in departing his position as Red Bull team principal. Now however, Horner is on the outside looking in for a new position, and there may well be opportunities coming his way. Rumours about Red Bull in recent times suggested Horner was leaning towards a role that would give him more control through a CEO-type situation, or even as a potential co-owner. That door was firmly locked at Red Bull - but could there be other options available to the Briton? The biggest obstacle Horner will need to clear before he returns to the sport is to carry out his gardening leave, a period of time during which he will be restricted from working with a rival team. With a huge shift in regulations coming next year, Red Bull would absolutely be keen to avoid having Horner spill its secrets at a rival squad in the coming months. All will be put on the negotiation table, but what is certain is that the decision to sack Horner will come at a monetary cost. For Red Bull, one of the largest companies in the world, several tens of millions is no small amount - but it is obviously a loss it feels can be absorbed.
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