Christian Horner: The €60m Severance Deal and His Next Move in F1
Red Bull confirms Christian Horner's €60m severance package after his exit, exploring the deal's implications for the team and Horner's future in Formula 1.
Christian Horner departs Red Bull with a significant €60m severance and eyes a potential return to Formula 1.
Size of the Severance Deal
Different sources cite varying figures for Horner's settlement, but a team insider confirms a €60m pay-out, roughly five years of his €12m salary. While large, such lump sums are common for high-profile appointments in sport.
Industry Comparison
The payout exceeds typical European CEO packages and raises corporate governance questions, says the High Pay Centre. Yet in the F1 world, where top drivers earn over €100m annually, Red Bull's annual turnover of €11.2bn makes the sum manageable.
Impact on Red Bull
Red Bull has moved swiftly to end a saga that included the departure of key figures like designer Adrian Newey and sporting director Jonathan Wheatley. With revenues nearing €10bn, the team can absorb the cost while refocusing its technical leadership under new principal Laurent Mekies.
Horner's Future in F1
Horner wants a return with both leadership and equity, akin to Toto Wolff's role at Mercedes. Team valuations now start above £1bn, so any bid would require significant investment or a wealthy partner. His track record may attract backers, but recent controversies add complexity.
Horner's record pay-off underscores the high stakes and rewards in F1 leadership, even amid controversy.
This topic was reported by BBC Sport.
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