logo
Christian Horner Reportedly Set to Receive Over $80 Million in Red Bull Exit Payout

Christian Horner Reportedly Set to Receive Over $80 Million in Red Bull Exit Payout

Newsweek2 days ago
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Christian Horner could receive a massive payout of over $80 million (£60 million) from Red Bull following his sudden ousting on Wednesday. Red Bull didn't reveal the reason for parting ways with him, but announced that it was with immediate effect. Horner's original contract was reported to last until the end of 2030.
Horner served the Milton Keynes-based team for 20 years, a partnership that saw six Constructors' Championships and eight drivers' titles. His Red Bull exit came as a shock to the entire F1 community. Horner's leadership played a crucial role in elevating the team to the level where it could maintain its dominance over the field in the current ground effect era until last year.
A report from The Telegraph claimed that Horner was likely the highest-paid director, whose salary increased by eleven percent from 2022 to 2023. Based on this trajectory, Horner could be owed in excess of $80 million for the remaining five-year period of his contract. The report stated:
"Horner's contract is believed to run for another five-and-a-half years, until the end of 2030. The latest accounts for Red Bull Technology Ltd show the remuneration for its highest-paid director, understood to be Horner, rose from £8.04 million in 2022 to £8.92 million in 2023.
Red Bull Racing team principal Christian Horner in the garage during qualifying ahead of the F1 Grand Prix of Great Britain at Silverstone Circuit on July 5, 2025 in Northampton, United Kingdom.
Red Bull Racing team principal Christian Horner in the garage during qualifying ahead of the F1 Grand Prix of Great Britain at Silverstone Circuit on July 5, 2025 in Northampton, United Kingdom."That was an 11 per cent rise and cemented his status as the highest-paid team principal on the grid. But it is a salary that is almost certain to have risen again since then, with the team having won the drivers' title in 2024.
"If his lawyers push for his contract to be paid up in full, they could be looking at anywhere up to £60 million. And there may be other income streams or bonuses which would have been paid had Horner remained in position."
Horner reached Red Bull's factory at Milton Keynes yesterday following his exit announcement. Later in the day, he posted a farewell note on Instagram, revealing that he was proud of what his team achieved under his leadership. He said:
"After an incredible journey of twenty years together, it is with a heavy heart that today I say goodbye to the Team I have absolutely loved. Every one of you, the amazing people at the factory, have been the heart and soul of everything that we have achieved. Win and lose, every step of the way, we have stood by each other as one and I will never forget that. It's been a privilege being part of and leading this epic Team and I am so proud of our collective accomplishments and you all.
"Thanks to the amazing partners and fans who enabled us to go racing. Your support has helped grow the team from its humble beginnings to an F1 powerhouse that laid claim to 6 Constructors Championships and 8 Drivers' Championships.
"Equally, thank you to our rivals, with whom there would be no racing at all. You've pushed us, challenged us, and enabled us to achieve accolades we never dreamed possible. The competition has made every victory sweeter and every setback an opportunity to develop and grow.
"Formula 1 is a sport built on relentless ambition, passion, and respect. The rivalries have been fierce, but the mutual drive to innovate and raise the bar is what has made this journey so special.
"It's been an honour to be part of this incredible era of motorsport. I leave with immense pride in what we've achieved and also with what's in the pipeline for 2026 - and huge respect for everyone who's made F1 the pinnacle it is today. Thank You."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Little Pepe Raises Over $5,500,000 and Enters Stage 5 Presale at $0.0014 on EVM Layer 2 Ethereum Network
Little Pepe Raises Over $5,500,000 and Enters Stage 5 Presale at $0.0014 on EVM Layer 2 Ethereum Network

Business Upturn

time8 minutes ago

  • Business Upturn

Little Pepe Raises Over $5,500,000 and Enters Stage 5 Presale at $0.0014 on EVM Layer 2 Ethereum Network

DUBAI, United Arab Emirates, July 12, 2025 (GLOBE NEWSWIRE) — Little Pepe has formally crossed the $5.5 million mark in its ongoing presale, signaling robust investor interest because it enters Stage 5 with tokens now priced at $0.0014. This milestone underscores the project's rapid growth and rising credibility in the crypto space. As an Ethereum-based Layer 2 solution, Little Pepe isn't simply driving the wave of meme coin popularity—it's actively redefining the category by integrating real blockchain infrastructure with viral net tradition. The presale's momentum reflects a growing belief among early adopters that $LILPEPE has the potential to be always greater than a fleeting trend. From Viral Hype to Real-World Infrastructure Unlike traditional meme coins that experience short-term hype waves, Little Pepe is building a scalable Layer 2 space tailored mainly for meme coin activity, community governance, NFTs, and low-price trading. The Little Pepe Chain, the project's custom-constructed EVM Layer 2 community, brings near-instant transactions and ultra-low gas fees—solving many pain points users face on Ethereum's mainnet. While projects like Shiba Inu (SHIB) and Pepe Coin (PEPE) showed what meme coins could acquire with network momentum, Little Pepe goes a step further by launching its own blockchain infrastructure. This gives it the unique benefit of independence, utility, and scalability, all wrapped in a playful, meme-driven identity. $LILPEPE: The Token Powering the Ecosystem At the core of this ecosystem is $LILPEPE, the utility token that fuels every interaction on the Little Pepe Chain. Whether it's used to pay for gas fees, access NFT mints, participate in governance votes, or stake for rewards, $LILPEPE is deeply embedded into the project's architecture. Now priced at $0.0014 in Stage 5, the token is available exclusively through the official presale at The steady price increases across each presale phase reflect both demand and progress, building excitement as each funding milestone is surpassed. With over $5.5 million raised, investor confidence is high. The jump in funding from previous stages suggests that retail and early-stage crypto investors are seeing Little Pepe as a long-term opportunity—not just a speculative punt. A Meme Coin With Staying Power What gives Little Pepe long-term potential isn't just the tech—it's the culture and community behind it. The project has rapidly built a loyal and vocal fanbase on Telegram, and X. Crypto influencers and meme enthusiasts alike are sharing Pepe-themed content, fan art, and educational videos about the platform's capabilities. As the narrative shifts toward 'utility-backed meme coins,' Little Pepe is leading the way. It's not only meeting that demand—it's shaping what it means. What Makes Little Pepe More Than Just a Token As the broader Ethereum ecosystem moves toward Layer 2 solutions, projects like Little Pepe are set to benefit disproportionately—especially those with cultural relevance and functional infrastructure already in place. With Stage 5 now live and over $5.5 million secured, Little Pepe is no longer just an emerging project—it's a legitimate force in the meme coin sector. Its combination of internet-driven appeal, investor backing, and blockchain infrastructure makes it one of the most exciting crypto projects to watch in 2025. As $LILPEPE continues its rise, early participants in the presale have the opportunity to join a movement that blends culture with code—where memes don't just go viral, they go scalable. Visit to participate in the presale and explore what could be Ethereum's next breakout Layer 2 success story. About Little Pepe Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project's mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions. For more information: Website: Telegram: Twitter: Contact Details: COO- James Stephen Email: [email protected] Disclaimer: This content is provided by Little Pepe . The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash

Klay Thompson and Megan Thee Stallion hard launch their relationship
Klay Thompson and Megan Thee Stallion hard launch their relationship

USA Today

timean hour ago

  • USA Today

Klay Thompson and Megan Thee Stallion hard launch their relationship

We have liftoff! Klay Thompson and Megan Thee Stallion are officially a couple. Rumors had been swirling about a relationship between the Dallas Mavericks star and rap icon the last few days after the latter posted a poolside Instagram series that featured Thompson in the background. On Saturday, Thompson returned the favor with a series of photos on his Instagram featuring the two getting close and personal. That was the final confirmation needed after TMZ reported the two were dating. Scroll through and see for yourself. The NBA season is still months away, and Megan isn't on tour at the moment, so it's anyone's guess where the two may make their public debut. In the meantime, fans will have to keep following along on social media — and paying extra attention to who is in the background of their posts.

Summer Food Truck Festival set for downtown Aurora
Summer Food Truck Festival set for downtown Aurora

Chicago Tribune

timean hour ago

  • Chicago Tribune

Summer Food Truck Festival set for downtown Aurora

Aurora's food truck festival scene is growing again, with the introduction of a summer food truck event on Friday, July 18, in the city's downtown. The city of Aurora's Special Events Division will hold the summer Food Truck Festival beginning at 5 p.m. July 18 on Benton Street between River and Broadway. The summer event will join the longstanding spring Food Truck Festival held a couple of months ago during the first week in May, and the fall Food Truck Festival to be held in September. The autumn version was held for the first time last year. Christina DiCristofano, community events coordinator for this year's fests, said there were somewhere between 4,000 and 5,000 people that came out to last fall's Food Truck Festival, which gave fuel to the idea of expanding the number of food truck events in 2025. 'We're having our new summer fest on the 18th of July and one in the fall on the 26th of September,' she said. 'We've increased the numbers because we want to provide more opportunities for business owners – all the food vendors and trucks that are really trying to get out there in the community and be present and have opportunity. That's one of the main reasons. 'Last year was the first time we had one in the fall, so once we had that one we really reevaluated the event, and realized how successful it was and how much people enjoyed the festival,' DiCristofano added. 'We pivoted after that and started looking into the idea of doing an extra one and giving more opportunity to the vendors and giving people the chance to come down to Aurora and be in our downtown area.' DiCristofano said that 'people in Aurora and outside of Aurora really love this event and food trucks and being able to come out and enjoy some nice food.' The summer food truck fest will feature more than 30 options – the same as the May food truck fest – with a few new vendors replacing some that appeared earlier. 'We have about half a dozen new vendors this time, and we want to offer people another opportunity to gather and have another event where they can do so and have a good time,' DiCristofano said of the upcoming summer fest. 'We do try to showcase businesses here in Aurora and vendors that are Aurora-based, but I do try to mix it up and make sure we don't have things stagnant and keep things fresh and new, so we do have some new vendors. I plan to also have some new ones in the fall.' The event on July 18 will be held rain or shine unless there is severe weather. For more information on the summer Food Truck Festival, go to

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store