Christian Horner, the longest-tenured team principal in Formula 1, is out after two decades. Here's what he told the team.

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.