Connect with us

News

FIA Confirms Red Bull Overspent Its 2021 Cost Cap Budget

Published

on

Image for article titled FIA Confirms Red Bull Overspent Its 2021 Cost Cap Budget

Photo: Mark Thompson (Getty Images)

Formula 1’s governing body, the FIA, has finally released its much-anticipated conclusion regarding the overspending of $145 million cost-cap budgets in 2021. It confirms that the Red Bull Racing team did in fact significantly overspend its budget — but so far, no penalties have been announced.

The FIA has noted that Red Bull had a “procedural and minor overspend breach” in 2021. The FIA has previously noted that a “minor” overspend would be spending up to five percent of the budget. The exact amount is currently unclear, but five percent of $145 million would be $7.25 million. Some sources are reporting that the number is much smaller, somewhere around $1-2 million.

“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,” a release from the FIA reads.

According to Motorsport.com, potential punishments include “exclusion from the championship, points deductions, costs cap reductions or testing limitations.”

The FIA has also found that Aston Martin was in a procedural breach of the regulations, though what that means is currently unclear. It likely has to do with the way the team submitted its finance reports; for example, the Williams team was fined for a procedural breach because it submitted its records late.

The other teams were in agreement with the regulations.

As far as punishments go, it’s difficult to imagine what can retroactively be applied. Max Verstappen has already been crowned World Champion for both 2021 and 2022, and it’s very unlikely that the FIA would revoke his titles. In the past, with incidents like Spygate, where a team was in breach of regulations while drivers were largely innocent, the team was punished while the drivers were allowed to retain their Championship points.

However, the confirmation that Red Bull has overspent is only going to add fuel to an already controversial fire. If you’ll remember, the World Championship was ultimately decided in favor of Verstappen due to some strange stewarding calls from race director Michael Masi, who insisted upon a restart in Abu Dhabi despite not necessarily following the traditional restart protocol. 

Continue Reading

Recent News

Mountain Wedding Mountain Wedding
Wedding1 day ago

Mountain Wedding Ideas for 2024

A mountain wedding is a stunning choice for couples who cherish nature and desire a distinctive wedding experience. Whether you...

Salon Salon
Health1 day ago

3 Of The Best Ways To Keep Your Salon Clean

It is of the utmost importance to ensure that a salon is kept scrupulously clean, not just for the sake...

Blood Tests Blood Tests
Health1 day ago

3 Reasons You Should Get Blood Tests Every Year

Regular blood tests are essential for preserving general health and identifying potential problems early on. Medical professionals can evaluate your...

Crafts Project Crafts Project
Lifestyle1 day ago

How to Make Your Next Crafts Project Pop

Crafting is a creative outlet that allows individuals to express themselves through various mediums such as paper crafts, sewing, painting,...

Traveling With Children Traveling With Children
Travel3 days ago

5 Things You Need When Traveling With Children

Traveling with children can be both thrilling and challenging, whether you’re embarking on a road trip across the country, navigating...

Prepare For a Pregnancy Prepare For a Pregnancy
Health3 days ago

How to Prepare For a Pregnancy

Pregnancy preparation comprises physical, emotional, and behavioral factors. Preparing well helps improve pregnancy and motherhood. This thorough approach guarantees that...

AI in Healthcare AI in Healthcare
Health3 days ago

What AI in Healthcare Means For You

Healthcare is being transformed by AI, which offers novel answers to difficult health issues. AI has great potential to improve...

Business Ideas Business Ideas
Business3 days ago

Best Business Ideas For Women

In today’s entrepreneurial landscape, women are increasingly forging their paths to success across various industries. From harnessing digital platforms to...

Fat Freezing Fat Freezing
Health5 days ago

Comprehensive Guide to Fat Freezing Overview

Fat freezing, scientifically known as cryolipolysis, is a popular non-surgical method for reducing localized fat deposits that are resistant to...

Wage Garnishment Wage Garnishment
Law5 days ago

The Basics Of Wage Garnishment

Wage garnishment can be a daunting topic, especially if you’re dealing with debt and financial stress. Understanding the basics of...