Rumors last week of Christian Horner's forthcoming demise as team principal of Red Bull racing were obviously grossly exaggerated, which no one really doubted anyway.
The 41-year-old manager put the foolish rumors to rest at Goodwood's Festival of Speed, where Horner announced that he had agreed to a new deal with Red Bull and was looking forward to restore the championship winning team's past lustre.
“I recently signed an extension to my contract with Red Bull," Horner said, speaking to Sky Sports. "I have a great relationship with Dietrich Mateschitz and my goal is very much on getting the team back to the situation we were in 18 months ago."
Horner admitted he 'didn't lose any sleep' over the ill-judged rumors, blaming the gossip on the usual vagaries of social media.
“That is the problem with social media – two weeks ago I was taking over from Bernie, this week I was leaving the team, next week I’ll be driving the car probably."
Click here for FIA President Jean Todt's thoughts on the current state of F1
Keep up to date with all the F1 news via Facebook and Twitter
In the collective memory of Formula 1 fans, the 1984 Monaco Grand Prix held on…
Aston Martin arrives in Monaco this weekend with a fresh coat of paint on its…
Mohammed Ben Sulayem is not backing away from his vision for Formula 1's future. The…
Just days before the most emotional race weekend of his season, Charles Leclerc has reaffirmed…
Formula 1’s ongoing debate over its future power unit regulations remains unresolved after Tuesday’s F1…
Williams Racing has doubled down on its technology-first future with the appointment of Dr James…