Red bull team principal Christian Horner hopes the fine red bull received goes to a good cause.
FIA and red bull entered an Accepted Breach Agreement for the 2021 budget cap breach. The Milton-Keynes-based outfit accepted they committed a “minor” overspend during the 2021 season.
The team after adjusting the tax rebate was $432,652 or 0.37% over the budget of $145 million.
The team was hence awarded penalties for committing the breach.
Red bull will have to pay $7 million in sanctions. The team has also received a minor sporting penalty for breaching the budget.
The team will further lose 10% of restricted wind tunnel testing accompanied by a reduction in Computational Fluid Dynamics (CFD) limits.
Now, team boss Christian Horner has said taking FIA saying he hopes that the governing body will use the $7 million fine on “something good”:
“It’s an enormous amount of money, payable within a 30 day period,”
said the team boss.
“Obviously it’s up to the FIA what they do with it, but we hope it goes to a good cause.”
Horner pointed out the money could be used in other racing championships that are struggling financially. Most notably the W series which had to end early because of a shortage of funds.
“We are now seeing championships that are struggling financially, so hopefully they can do something good with it,”
said Horner.
Nevertheless, how FIA uses the fine will depend on the governing body only. However, using it in such junior championships as Horner suggested can boost the motorsports industry.
Meanwhile, Ferrari is still not happy with the sanctions on the Milton-Keynes-based outfit.
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