Accepted Breach Agreement between FIA and Red Bull Racing announced
Published on 28 October 2022 by Stefan Meens
Ahead of the Mexican Grand Prix, the FIA announced that it has reached an Accepted Breach Agreement with Red Bull Racing, following the team’s breaking of the 2021 Formula One Financial Regulations.
The settlement sees the FIA handing the team a $7m fine that must be paid within the next 30 days. In addition, the team will also lose 10% of its aerodynamic testing time. As the winner of this year’s constructors’ championship, Red Bull is entitled to 70% of aero testing time of the seventh-placed team. With the addition of the penalty, this percentage is further reduced to 63% for the next year.
According to the FIA’s calculations, Red Bull overspend by £1,864,000, which is 1.6% over the $145 million dollar cap. However, the FIA also highlighted that if the team had correctly applied a Notional Tax Credit worth £1.4m as part of the submission, then its breach would have been limited to £432,652, or 0.37%.
In addition to Red Bull, Aston Martin has picked up a $450,000 fine for a procedural infringements of 2021’s Formula 1 cost cap rules.
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