Christian Horner’s hopes of a swift return to F1 with Ferrari are over after team principal Fred Vasseur signed a new contract. Ferrari confirmed on Thursday morning that Vasseur has agreed a new deal to remain in charge, ending weeks of speculation over the Frenchman’s future.

Frederic Vasseur will stay longer with the Ferrari team, as was announced this morning. The Frenchman has signed a multi-year deal with the team from Maranello, and with this decision, it appears that the team has opted for continuity.

Fred Vasseur’s role at Ferrari came under fire after the team’s poor results in the F1 World Championship, where they trail by 268 points