Christian Horner is no longer the director of the team and CEO of Red Bull Racing.

Christian Horner could lose up to half of his large compensation for damages.

This week, a shocking news arose in the world of Formula 1: Horner, 51, was fired from Red Bull.

It was confirmed then that Laurent Mekies had been promoted from the Brother Visa Cash App Racing Bulls Bulls team and will assume the position of director of the team and CEO of Red Bull.

Going to staff at the headquarters of the team in Milton Keynes, Horner declared: “It was a shock for me.

I have had the opportunity to reflect during the last 12 hours and I wanted to introduce myself to all of you to give you this news and express my gratitude to each and every one of the team members they have given so much during the last 20 and a half years. ”

After his dismissal, it has been speculated that Horner could receive a large compensation from Red Bull.

How much could Red Bull to Christian Horner have to pay?

As reported by Planet F1, the figure of the agreement could amount to 50 million pounds.

According to the company’s most recent accounts, it is believed that Horner won 8,915 million pounds in 2023.

After being fired with, according to reports, more than five years of contract, Horner could receive compensation of 50 million pounds.

Planet F1 said The Times published the figure. It could amount to 60 million pounds once other income was accounted for.

However, Horner could lose almost half of the figure mentioned above due to taxes.

Being one of the team directors with the highest income in the Paddock of the F1, Horner is likely to be in the highest tax section in the United Kingdom.

As a result, its remuneration could be taxed with 45 %.

What the future holds Christian Horner after his departure from Red Bull?

In recent months, it has been linked to Horner with possible signings to other F1 teams, including his rival Ferrari.

Meanwhile, it has been previously rumored that the 51 -year -old pilot could join the controversial Flavio Briatore in Alpine.

When confirming the decision to replace Horner, the director of Red Bull, Oliver Mintzlaff, declared: «We want to thank Christian Horner for his exceptional work during the last 20 years.

»With his tireless commitment, experience, knowledge and innovative thought, he has been fundamental to consolidate Red Bull Racing as one of the most successful and attractive teams of Formula 1. Thank you for everything, Christian, and you will always be an important part of the history of our team.