F1 budget cap explained Red Bull s original budget breach increased catering cost and more Notifications New User posted their first comment this is comment text Approve Reject & ban Delete Logout

F1 budget cap explained Red Bull s original budget breach increased catering cost and more

Max Verstappen of the Netherlands driving the (1) Oracle Red Bull Racing RB18 on track during the F1 Grand Prix of Japan at Suzuka International Racing Course on October 09, 2022 in Suzuka, Japan. (Photo by Mark Thompson/Getty Images ) According to the report by the , Red Bull and have been found to breach the cost cap in the 2021 season, which was set at $145 million. While Aston Martin only had a procedural breach, Red Bull is guilty of a 'minor' overspending of $7.2 million. The FIA introduced a budget or a "cost" cap in the 2021 season. It limits the amount of money a team can spend during a season of Formula 1 and is supposed to make the sport more competitive. While bigger teams would have to stop spending on their car after a point, it would be fair for the smaller teams. It was planned to be $175 million for 2021, but as the pandemic hit, it had to be cut down to $145 million. : Toto Wolff ready to go over cost cap if Redbull gets away with just a fine. He declared that Merc will pay all the fines to get back on top.

Remember when Christian said that Toto is a finance guy..A new villain is coming up in 2023
Ofc Merc will destroy everyone : Toto Wolff ready to go over cost cap if Redbull gets away with just a fine. He declared that Merc will pay all the fines to get back on top.Remember when Christian said that Toto is a finance guy..A new villain is coming up in 2023 Ofc Merc will destroy everyone After it was mandated, all the teams followed the cost cap in 2021. However, as FIA started to revise the finances of all teams this year, reports started flying around, blaming Red Bull & Aston Martin for breaching the cap, which inevitably happened. Fans and teams were expecting the team to be disqualified from the past season, and the next closest driver would be crowned as the 2021 World Champion, as Max Verstappen won it with Red Bull. However, it has been believed that the FIA will let them go with a financial fine.

Red Bull s breach and catering overspend explained

The team released a statement soon enough, saying that they had respected the budget cap and that there was no overspending. They also said a detailed inspection would be set out for the FIA's findings. However, they also blamed the catering services for the team, and said that no extra money was spent on the R&D of the car. According to the team, a daily free lunch for a thousand people at their Milton Keynes HQ is a significant factor in their accounts of overspending. Although it has nothing to do with the car's development, it counts as the team's overall budget and hence might be the reason for their overspending. However, nothing has been proven. Analysts believe that if the team can prove that the budget cap was not breached on the R&D of the car, they would be let go with a monetary fine. However, other teams are not satisfied with this. Toto Wolff of Mercedes earlier warned that if the team is let go with a financial fine, they (Mercedes) could breach the cap in the upcoming season, too. Meanwhile, Zak Brown, CEO of , wrote a letter to the FIA calling out the team for 'cheating' and suggesting a sporting penalty. The financial penalties mean nothing, needs something like a reduction in the next season’s cap to make it hurt The financial penalties mean nothing, needs something like a reduction in the next season’s cap to make it hurt Teams are still waiting for the FIA to reveal the penalty that both teams would have to serve for breaching the cost cap. Poll : 0 votes Quick Links More from Sportskeeda Thank You! Show More Comments No thanks Delete Cancel Update Reply ❮ ❯ No thanks Delete Cancel Update Reply ❮ ❯ Be the first one to comment on this story More from Sportskeeda Fetching more content... 1 Logout No Results Found