Christian Horner has ended speculation his job as Red Bull team principal is under threat by confirming he has signed a contract extension.
With Red Bull still struggling and owner Dietrich Mateschitz once again threatening to pull the team out of F1, there were rumours Horner's role at the team was at risk. As team principal Horner has been instrumental in turning Red Bull from a midfield outfit to a team which won four drivers' and constructors' championships in a row.
Speaking at the Goodwood Festival of Speed, Horner brushed off the speculation and confirmed a new long-term deal.
"I didn't lose any sleep over it because it is absolutely not true," Horner told Sky Sports. "I recently signed an extension to my contract with Red Bull. 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 blames social media for the rumours and thinks its always important to take them with a pinch of salt.
"It is total rubbish. The thing is not to put too much energy into things like that, but in the world we live in sometimes people from rival teams say things and they get picked up and then a story goes on the internet and it goes from there.
"That is the problem with social media - two weeks ago I was taking over from Bernie [Ecclestone], this week I was leaving the team, next week I'll be driving the car probably."