FIA officially confirms Red Bull 2021 budget cap breach

Franz Tost Germany

In the latest release, the FIA has officially confirmed that Red Bull has indeed overspent and breached the 2021 budget cap.

Formula 1’s governing body FIA introduced a budget cap in 2021.

The main aim was to neutralize the advantage big teams have over the smaller ones when it comes to spending loads and loads of money on developing their cars over a season.

Anyways, FIA put the cost cap at $145 million.

In the last couple of weeks, reports emerged of a probable breach of the budget cap by two teams. The FIA soon launched an investigation into the matter. The two teams accused of the budget cap breach were Red Bull and Aston Martin.

Now, FIA has officially confirmed that two teams have indeed gone above the cap last season.

The governing body stated that Red Bull was “considered to be in procedural and minor overspend breaches of the financial regulations” in 2021.

FIA, however, didn’t announce any penalties for the time being confirming the sanctions would be given later.

Going over the budget by less than or equal to 5% comes under minor overspending. Anything over 5% will come under major overspending.

“The FIA Cost Cap Administration is currently determining the appropriate course of action to be taken under the Financial Regulations with respect to Aston Martin and Red Bull and further information will be communicated in compliance with the Regulations,”

the body said in a statement.

The penalties stated in the rulebook vary from a fine to a deduction of championship points for a minor breach.

However, a deduction of drivers’ title points seems highly unlikely as of now.

We expect a hefty fine going toward both teams.

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