Red Bull Racing has been found in violation F1 budget limit for its 2021 campaign, the FIA said on Friday.
2021 season, witnessing Red Bull’s Max Verstappen crowned world champion, was the first to introduce cost cap regulations and all 10 F1 teams were required to submit documents detailing their spending for the season by March of this year. Only Red Bull was found to be in breach of the cap.
However, the breach was only a minor one and according to the FIA, there was no evidence Red Bull had sought at any time to act “in bad faith, dishonestly or fraudulently”.
The cost cap for 2021 was set at $145 million and Red Bull was determined to have exceeded 1.6%, which is within the 5% threshold for being classified as a minor breach. The FIA also said it acknowledged that if Red Bull applied the correct treatment to the nominal tax credit in the submission, the cost cap would only be exceeded by 0.37%.
Considering these factors, Red Bull ended up with a relatively small penalty that included a $7 million fine and a 10% reduction in allotted time for wind tunnel testing and dynamic fluid calculation work. learn.
Red Bull isn’t the only team to breach cost cap regulations. Earlier this year, Williams was fined $25,000 for late filing.
Cost caps were introduced to help level the playing field between teams with large budgets and smaller players. The cap has been reduced to $140 million for 2022 and will be reduced again to $135 million for 2023 through 2025, with allowances made for any season with more than 21 rounds.