(Photo credit: Eric Bolte-Imagn Images)Red Bull Racing has finalized an agreement on the contract termination for former team principal and CEO Christian Horner, freeing him up to return to F1. Horner was officially terminated on Aug. 13 after being dismissed by the team's parent company, Red Bull GmbH, after the British Grand Prix in July. 'Leading Red Bull Racing has been an honour and privilege,' Horner said in a statement. With the settlement reached, Horner is now free to return to F1 though it is unclear where he might end up. He was unable to discuss his future publicly while the settlement negotiations with Red Bull were ongoing.