After many rumours, which began at the Singapore Grand Prix a few weeks ago, the FIA confirmed today, Monday, October 10, 2022, that one of the main defendants, Red Bull, had exceeded with “expenses minors” the cost limit for the 2021 Formula 1 season, the first with the budget cap in force.
Red Bull was quick to show its disappointment and respond to the FIA as soon as it learned that they had been the only team to exceed the cost limit for the 2021 Formula 1 season.
This was Red Bull’s response to the FIA after its excess of the F1 2021 cost limit:
“We took note of the FIA’s findings on minor breaches of financial regulations with surprise and disappointment. Our 2021 reporting submission was below the cost limit, so we need to carefully review the FIA’s findings as we continue to believing that the relevant costs are below the 2021 cost cap amount.”
“Despite the conjecture and positions of others, there is, of course, a process under the FIA rules that we will respectfully follow while considering all available options.”
Although no sanction has yet been notified for the energy drinks team, the financial regulations of the highest category describe the different punishments for a minor infraction, that is, one that does not exceed 5% of the total costs, the situation of the Austrian team at the moment:
- Slight excess (less than 5%): public reprimand, deduction of points in the manufacturers’ or even drivers’ classification, exclusion from some events, adding some extra restrictions in the aerodynamic tests or an economic fine.
Along with Red Bull, two other teams on the current grid have also not received their certificates of compliance : Aston Martin Racing, due to a procedural violation of the rules, and Williams, due to a late submission of documents related to the budget cap of the competition. 2021 campaign.
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