Christian Horner could instantly lose nearly half of massive Red Bull settlement pay-out after shock sacking

Christian Horner could perchance suffer arsenic overmuch arsenic fractional of his immense Red Bull pay-out.

This week, daze quality emerged from the satellite of Formula 1 arsenic Horner, 51, was sacked by Red Bull.

It was past confirmed that Laurent Mekies had been promoted from sister squad Visa Cash App Racing Bulls and volition instrumentality implicit arsenic squad main and CEO of Red Bull.

Addressing unit astatine the team's Milton Keynes base, Horner said: "It came arsenic a daze to myself.

"I've had a accidental to bespeak implicit the past 12 hours and wanted to basal successful beforehand of each of you to interruption this quality and to explicit my gratitude to each and each azygous subordinate of the squad that has fixed truthful overmuch during the past 20-and-a-half years."

Christian Horner is longer Red Bull Racing's squad main and CEO. Image: Getty

On the backmost of his dismissal, it has been speculated that Horner could pouch a immense compensation from Red Bull.

How overmuch mightiness Red Bull person to wage Christian Horner?

As reported by Planet F1, the colony fig could magnitude to £50 million

According to the company's astir caller accounts, Horner is believed to person earned £8.915 cardinal successful 2023.

Having been sacked with reportedly much than 5 years near of his contract, Horner could person a pay-out of £50 million.

Planet F1 claimed that The Times stated the fig 'could emergence to £60 cardinal erstwhile different income is accounted for'.

However, Horner could extremity up losing astir fractional of the above-mentioned colony fig owed to tax.

Being 1 of the highest-earning squad principals successful the F1 paddock, Horner is apt to beryllium successful the highest taxation bracket successful the United Kingdom.

As a result, his pay-out could beryllium taxed astatine 45 per cent.

Christian Horner oversaw the emergence of Max Verstappen. Image: Getty

What's adjacent for Christian Horner aft Red Bull exit?

Over the past fewer months, Horner has been linked with moves to different F1 teams, including rivals Ferrari.

Meanwhile, the 51-year-old has previously been tipped to nexus up with the arguable Flavio Briatore astatine Alpine.

Upon confirming the determination to regenerate Horner, Red Bull manager Oliver Mintzlaff said: "We would similar to convey Christian Horner for his exceptional enactment implicit the past 20 years.

"With his tireless commitment, experience, expertise and innovative thinking, helium has been instrumental successful establishing Red Bull Racing arsenic 1 of the astir palmy and charismatic teams successful Formula 1. Thank you for everything, Christian, and you volition everlastingly stay an important portion of our squad history."