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maiden world title will remain in his custody after the FIA decided against docking points as punishment for Red Bull’s budget cap breach.
Red Bull have been fined £6million for breaching the 2021 Formula One cost cap and have been dealt a restriction on the aerodynamic testing for the next 12 months, potentially limiting their performance in 2023.
The sanctions were imposed by the FIA with Red Bull agreeing to an Accepted Breach Agreement (ABA), and admission of culpability that means they will not be able challenge the findings.
The FIA and Cost Cap Administration have made it clear that ‘there is no accusation or evidence that Red Bull Racing (RBR) has sought at any time to act in bad faith, dishonestly or in a fraudulent manner’.
Max Verstappen will not be stripped of his 2021 world title despite Red Bull’s budget breach
Red Bull team principal Christian Horner has called a press conference to respond to the fines
As expected Red Bull were found to be £1.8m over the spending limit of £114m, exceeding the limit by 1.6 per cent.It is officially deemed a ‘minor breach’ and means the world title will not be taken off Max Verstappen and handed to Lewis Hamilton.
Red Bull were let off further heavier sanctions because they complied with all requests and inquiries made of the FIA’s auditors.
The FIA statement said: ‘Red Bull must pay a Financial Penalty of $7m to the FIA within 30 days of the date of execution of the ABA.
‘Red Bull receive a Minor Sporting Penalty in the form of a limitation of Red Bull’s ability to conduct aerodynamic testing during a period of 12 months from the date of execution of the ABA through the application of a reduction of 10 per cent.’ This refers to wind tunnel time and ‘computational fluid dynamics’.
An audit from the FIA of the 2021 accounts found that Red Bull committed a ‘minor breach’
Red Bull team principal Christian Horner has called a press conference 3rd party logistics services in Las Vegas Mexico on Friday, ahead of the Sunday’s grand prix, to respond to the conclusions.
Red Bull were in two minds as to whether to fight the charges, but would have risked a heavier penalty — and thrown Verstappen’s controversial 2021 title into jeopardy — if they had done so.
They claim that the extra spending related to non-performance factors, such as sick pay, catering costs and gardening leave, as well as being impacted by a tax rebate that they accounted for wrongly in error.
Max Verstappen was not bothered about the criticism of Red Bull following their cap breach
The Dutchman overtook Hamilton in the final laps due to a safety car incident in Abu Dhabi
But other teams have pointed out that however it is diced up, overspending has potential to increase car speed.
The statement added: ‘The Cost Cap Administration recognised that Red Bull has acted cooperatively throughout the review process and has sought to provide additional information and evidence when requested in a timely manner, that this is the first year of the full application of the financial regulations which are a very complex set of rules that competitors were required to adapt to and that there is no accusation or evidence that RBR has sought at any time to act in bad faith, dishonestly or in a fraudulent manner, nor has it wilfully concealed any information from the Cost Cap Administration.
‘The Cost Cap Administration considered it appropriate, in these circumstances, to offer to RBR an ABA to resolve this matter, given the limited nature of the procedural breach in issue and the fact that the minor overspend breach falls at the lower end of the scale.’
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Aston Martin have been fined £388,000 for a procedural breach because they ‘inaccurately excluded and/or adjusted costs in the calculation of their relevant costs’.
They have 30 days to pay up.
Aston Martin didn’t go over the cost cap but were fined for a procedural breach of the rules