After 20 years at the helm of Red Bull Racing, Christian Horner is out as team principal and CEO, effective Wednesday. The bombshell move comes at a tumultuous time for the Formula One team as it struggles to create a competitive car, sitting fourth in the constructors’ standings largely thanks to Max Verstappen’s performances this season.

All of this has led to rumours that Ferrari may be looking to make a decision on Vasseur's future before the summer break, with the Frenchman currently due to be out of contract at the end of this season – and Christian Horner suddenly available. READ MORE: Max Verstappen says former Red Bull teammate 'good choice' for Cadillac F1 project

Red Bull says Christian Horner has been released from his role as longtime team principal of its Formula 1 team.