The FIA has confirmed that Red Bull is the only team not to stay below the cost cap level in 2021, with the team found guilty of committing a “minor overspending breach”.
Rumors have swirled since before the Singapore Grand Prix that Red Bull skipped last year’s Cup, but team boss Christian Horner has vehemently refuted the allegations. Aston Martin was also mentioned as a team that was in breach, and the FIA has now announced the results of its review of the 2021 financial regulations, with both Red Bull and Aston Martin naming them for different reasons.
“The review of the reporting documents submitted was an extensive and comprehensive process, and all competitors offered their full support in providing the information required to assess their financial situation during this first year of financial regulations,” the FIA statement read. “The FIA Cost Cap Management notes that all competitors have at all times acted in a spirit of good faith and cooperation throughout the process.
“The FIA will also note that with respect to this first year of application of the Financial Regulations, the intervention of the cost cap management by the FIA has been limited to a review of applications submitted by competitors and that no full formal investigations have been opened.
“The FIA cost cap management is currently determining the appropriate action to be taken under the financial regulations in relation to Aston Martin and Red Bull and further information will be communicated in accordance with the regulations.”
Nine of the 10 teams – including Aston Martin – were below the cost cap level, but the procedural breach still carries a minor sporting penalty if the FIA feels there are aggravating factors.
Minor overspending infractions—less than 5% of the cost cap—can result in monetary and/or minor sporting penalties including a public reprimand, Creators Championship points deduction, Drivers Championship points deduction, and suspension from one or more stages of competition ( but not the race itself), limitations on testing, and lowering the cost cap.
Aside from Red Bull and Aston Martin, the other team to have a procedural breach was Williams earlier this year. This was already rectified before today’s announcement, as the team entered into an Acceptable Breach Agreement (ABA) with the FIA for its late submission in March, and paid a $25,000 fine.
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