Red Bull Racing F1 team is in negotiation with the FIA over an Accepted Breach Agreement in relation to its alleged breach of the 2021 cost cap. Full story ⬇️
In effect, an ABA means that the team admits to breaking the rules with its 2021 spending, and accepts the punishment levied.
It is understood that team principal Christian Horner is likely to explain the team’s position on the cost cap breach in a press conference on Friday in Austin, although that has yet to be confirmed by the team.Since rumours of an alleged breach by Red Bull first surfaced over the Singapore Grand Prix weekend, Horner has insisted that the team had complete faith in the numbers it submitted to the FIA in March.
More details of Red Bull's alleged overspend have begun to emerge, although nothing has been officially confirmed by the FIA or the team.The overall figure involved is believed to be around $1.8m, which puts the offence well within the “minor breach” limit of 5% over the cap, or just over $7m. One is the allocation of the cost of catering at the factory and at the track. In addition, there are believed to be redundancy and sick pay issues related to key employees.
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