A bad one for Red Bull: millionaire fine for exceeding the budget limit

A bad one for Red Bull: millionaire fine for exceeding the budget limit

The International Automobile Federation added in a statement ahead of this weekend’s Mexican Grand Prix that the decision, accepted by Red Bull, is final and unappealable.

“There is no accusation or evidence that Red Bull Racing (RBR) has at any time attempted to act in bad faith, dishonestly or fraudulently, nor has it deliberately withheld any information from the Administration”noted the FIA ​​Cost Cap Administration.

It further acknowledged that RBR had acted cooperatively throughout the review process, providing additional information and evidence when requested.

The result meant that the Red Bull titles were safe. The team won the 2021 and 2022 drivers’ championships with the Dutchman Max Verstappenas well as this year’s constructors’ crown, the first since 2013.

The FIA ​​announced on October 10 that Red Bull had “minor overspending” and also committed a “procedural breach”.

https://twitter.com/fia/status/1585996146526195713

It also reported that the UK-based team exceeded the limit by 1.864 million pounds ($2.15 million), but the sum would have been 432,652 pounds had they correctly applied a notional UK tax credit.

Formula 1 introduced the cap last year to control spending and level the playing field, with the total reduced from €145m to €140m this year. It is expected to be 135 million next season.

The wind tunnel sanction will hurt Red Bull more than the fine, which will hardly affect its Austrian energy drink parent company.

“That represents between a quarter and a half second of lap time, it has a direct effect on next year’s car and it will be in place for a period of 12 months. We will have 15% less time in the wind tunnel than the second placed driver. in the constructors’ championship and 20% less than the third.”said at a press conference the Red Bull team boss, Christian Horner.

As champions, Red Bull was already due to have less time in the wind tunnel than its rivals in another move designed to make the sport more competitive, but that will be further reduced.

“So that 10% put in is actually going to have an impact on our ability to perform on the track next year,” Horner said.

Source: Ambito

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