Red Bull found guilty of breaking Formula 1’s financial rules

Red Bull has been found guilty of breaking Formula 1’s financial rules.

1’s governing body, the FIA, finally confirmed on Monday that the team, which last year brought Max Verstappen to a deeply controversial championship win over Lewis Hamilton, exceeded the sport’s €129m budget cap.

Red Bull is in breach of overspending by less than five percent, which equates to €6.49 million, a so-called “minor” breach of the rules.

But the sports federation did not provide an exact figure for how much the team failed to comply with.

Sources have stated that the figure is no more than 2 million.

However, the lack of transparency in the FIA’s release is likely to anger not only Hamilton’s Mercedes team, with the FIA’s ruling coming 302 days after the sport’s deeply contested winner-takes-all final in Abu Dhabi, but also Red Bull.

The penalties available to the FIA ​​for a minor offense range from a reprimand to a fine to the deduction of drivers’ championship points. The use of the latter would have an impact on last season’s result.

Red Bull was the only team to go beyond the cost cap, with Aston Martin and Williams judged to have committed procedural breaches.

A statement from the sports federation read: “The FIA’s Cost Cap Administration has issued certificates of compliance to seven of the 10 competitors.

“The review of the submitted reporting documentation has been an intensive and thorough process and all competitors gave their full support in providing the necessary information to assess their financial situation during this first year of the Financial Regulations.

“The FIA ​​Cost Cap Administration notes that all competitors acted in a spirit of good faith and cooperation at all times throughout the process.

“The FIA ​​also notes that, in respect of this first year of application of the financial provisions, the intervention of the FIA’s cost cap administration has been limited to reviewing the contributions of competitors and that no full formal investigations were launched.

“The FIA ​​cost cap is currently determining the appropriate course of action to be taken under the financial rules in respect of Aston Martin and Red Bull and further information will be communicated in accordance with the rules.”

Verstappen, crowned world champion for the second time at Sunday’s Japanese Grand Prix, secured last season’s title by eight points as FIA race director Michael Masi fixed the safety car rules in the closing laps of the race. Masi was removed from his position.

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