F1 budget cap: Red Bull fined £6m and given reduction in wind tunnel time for 2023 season for breach
Red Bull have been fined £6.07m and will have 10 per cent less wind tunnel time for the 2023 Formula 1 season for their budget cap breach.
The FIA have revealed Red Bull breached the budget cap last year by £1.86m, which equates to 1.6 per cent.
Ad
However, the FIA acknowledge if a tax credit had been correctly applied it would have been £432,652, or 0.37 per cent.
Mexican Grand Prix
Perez: I don’t need Verstappen to help me win in Mexico
YESTERDAY AT 15:06
“There is no accusation or evidence that RBR has sought at any time to act in bad faith, dishonestly or in a fraudulent manner, nor has it wilfully concealed any information from the Cost Cap Administration,” read a statement from the FIA.
More to follow…
Formula 1
Wolff responds to Horner over cheating furore – ‘I almost had to squeeze out a tear’
23/10/2022 AT 14:15
United States Grand Prix
Sainz pips team-mate Leclerc in United States qualifying with Verstappen third
22/10/2022 AT 23:22
Read the full article Here
