Michael Schumacher 'not in contention for Red Bull seat'

Michael Schumacher is not in the mix for the vacant seat at Red Bull for the 2014 Formula 1 season, according to representatives of the German.

Rumours have been in circulation since Mark Webber announced that he was leaving the team to race Porsche supercars.

However, a spokesperson for the seven-time world champion told The Mirror that Schumacher had "moved away" from the sport.

"He has achieved a great deal in formula one and happy with what he has done," the representative added.

On Saturday, BBC pundit Eddie Jordan stated that he believes an agreement is already in place for Toro Rosso driver Daniel Riccardo to be promoted to the senior team.

However, team boss Christian Horner would not be drawn on the speculation.