Steven Tee/Motorsport Images
Red Bull and FIA cost cap agreement set to be announced
An agreement between Red Bull and the FIA over the team’s budget cap breach is set to be announced on Friday ahead of the Mexican Grand Prix.
Negotiations between the two parties were ongoing in Austin last weekend but were then put on hold following the death of Red Bull team owner Dietrich Mateschitz on Saturday. Those talks were then picked up again this week to try and find a quick resolution, and RACER understands an Accepted Breach Agreement (ABA) has been finalized.
The FIA is likely to announce the punishment in full -- as outlined in the Financial Regulations for transparency reasons -- with Red Bull team principal Christian Horner then set to hold a press conference to discuss the outcome on Friday morning in Mexico City.
Red Bull was found to be in minor overspend breach of the 2021 Financial Regulations when the FIA announced its findings earlier this month, but maintained it felt its submission was within the cap and that there were areas of dispute with the governing body that it felt were different interpretations of the new regulations.
Rival teams have been calling for tough sanctions for Red Bull if it does accept it was in breach, claiming any overspend could have amounted to significant car performance. However, when criticizing Zak Brown for a letter the McLaren boss wrote to the FIA suggesting penalties, Horner stated the amount in question was in the hundreds of thousands of dollars and far below a 1% overspend of the cap.
Presented by:
Chris Medland
While studying Sports Journalism at the University of Central Lancashire, Chris managed to talk his way into working at the British Grand Prix in 2008 and was retained for three years before joining ESPN F1 as Assistant Editor. After three further years at ESPN, a spell as F1 Editor at Crash Media Group was followed by the major task of launching F1i.com’s English-language website and running it as Editor. Present at every race since the start of 2014, he has continued building his freelance portfolio, working with international titles. As well as writing for RACER, his broadcast work includes television appearances on F1 TV and as a presenter and reporter on North America's live radio coverage on SiriusXM.
Read Chris Medland's articles
Latest News
Comments
Comments are disabled until you accept Social Networking Cookies. Update cookie preferences
If the dialog doesn't appear, ad-blockers are often the cause; try disabling yours or see our Social Features Support.