As expected, the FiA – Formula One’s governing body – handed a wrist slap of penalties to Red Bull for their budget cap infractions in 2021 with Red Bull receiving a paltry $7 million monetary fine along with a similarly meaningless 10% reduction in permitted aerodynamic research. Additionally, the FIA said that Red Bull’s fine […]
The FiA – Formula One’s governing body – has reportedly reached an “accepted breach agreement” with Red Bull over their budget cap penalties from 2021 and 2022 and will announce that news prior to the beginning of festivities for the 2022 Mexican Grand Prix. It is expected that the agreement will protect Red Bull from […]
The death of Red Bull co-owner Dietrich Mateschitz has temporarily postponed action by the FiA – the sport’s governing body – as Red Bull is on the verge of receiving penalties for going over the budget cap in the 2021 Formula One season. The FIA had previously announced that Red Bull committed a “minor breach” […]
Red Bull, along with Aston Martin, have both been found guilty by the FiA – Formula One’s governing body – of breaking Formula 1’s budget cap during the 2021 F1 season. The budget for the 2021 F1 season was $145 million per team and both Aston Martin and Red Bull were found to have exceeded […]
The FiA – Formula One’s governing body – has delayed their budget cap report regarding inquiries into whether any team breached the sport’s budget cap last year. The FIA told Formula 1 teams that the report would be published on October 5, 2022 – at which time, they would issue certificates of compliance to the […]
Formula One announced their new rule changes for the upcoming 2021 season and while engines and tires will stay the same, the largest rule change will be the institution of a $175 million budget cap for each team. The FIA and F1 confirmed plans for a $175 million budget cap beginning in 2021 – albeit […]