Red Bull's Horner not expecting major impact from Brexit

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Britain's decision to leave the European Union is still at the forefront of the media Red Bull's Christian Horner says the event is unlikely to result in any significant consequences for the Milton Keynes outfit, at least in the midterm.

A proponent of the exit, F1 supremo Bernie Ecclestone was also of the opinion that Britain's departure from the EU would not affect his running of the sport.

While currently unworried, Horner however was surprised by the result of last week's referendum.

"I was quite surprised at the outcome of the vote," said the Red Bull boss.

"But it is what it is. Now it is important that whoever goes in to negotiate, does a Bernie Ecclestone!

"We will support are staff. Should they need visas we have people working with the team that are outside of the European Union and it has never been an issue.

"We have given an undertaking to our staff that, should there be any issues with movement and work visas, or so on, we will support them.

"But from what you hear through the media, that is unlikely to be required anyway and certainly not in the next few years."

Speaking of how Formula 1 could be affected by the decision, Horner underlined potential currency issues but admitted time would be required to assess the full effect of the event.

"I think it has made F1 cheaper, because a majority of the income is in dollars and Euros, it has made us cheaper in many respects with the way the sterling is at the moment.

"But that will negate itself with other costs or if you are importing goods from Europe or working with foreign suppliers, so it will have pluses and minuses

"I think it is a question of let's wait and see. The bottom line is, for the foreseeable future, it is not going to make any significant impact."

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.