Berliner Boersenzeitung - F1's Red Bull fined 7mn dollars but no points penalty for overspend

EUR -
AED 4.114989
AFN 72.258972
ALL 91.29719
AMD 403.802781
ANG 2.00516
AOA 1028.467878
ARS 1731.475792
AUD 1.620481
AWG 2.016604
AZN 1.907451
BAM 1.958187
BBD 2.25635
BDT 139.139594
BGN 1.958157
BHD 0.422758
BIF 3372.210009
BMD 1.120336
BND 1.433848
BOB 13.31405
BRL 6.176184
BSD 1.120265
BTN 105.14616
BWP 15.392762
BYN 3.354389
BYR 21958.576804
BZD 2.253146
CAD 1.583029
CDF 2599.178267
CHF 0.919369
CLF 0.027659
CLP 1088.574119
CNY 7.479922
CNH 7.474246
COP 3671.597279
CRC 507.418481
CUC 1.120336
CUP 26.886772
CVE 111.365068
CZK 24.343752
DJF 199.106231
DKK 7.475249
DOP 68.060758
DZD 152.491123
EGP 60.361547
ERN 16.805033
ETB 180.594869
FJD 2.526637
FKP 0.838896
GBP 0.834779
GEL 2.907257
GGP 0.838896
GHS 13.091147
GIP 0.838896
GMD 83.467083
GNF 9923.372199
GTQ 8.560396
GYD 234.855211
HKD 8.78556
HNL 30.333082
HRK 7.583563
HTG 146.838979
HUF 362.280107
IDR 20259.027773
ILS 3.538905
IMP 0.838896
INR 105.011236
IQD 1696.188025
IRR 2118950.005707
ISK 137.386641
JEP 0.838896
JMD 177.96692
JOD 0.794322
JPY 177.076319
KES 145.587578
KGS 97.973812
KHR 4570.969036
KMF 495.188186
KPW 1008.301953
KRW 1506.212487
KWD 0.348302
KYD 0.93363
KZT 502.622635
LAK 25213.151856
LBP 100326.048745
LKR 372.49236
LRD 190.792841
LSL 18.552428
LTL 3.30806
LVL 0.67768
LYD 7.203498
MAD 10.93167
MDL 20.193433
MGA 5147.941951
MKD 61.550635
MMK 2352.095636
MNT 4034.514305
MOP 9.048129
MRU 45.093273
MUR 52.745293
MVR 17.255162
MWK 1946.022733
MXN 20.836673
MYR 4.547466
MZN 71.600509
NAD 18.553055
NGN 1509.764051
NIO 41.015462
NOK 10.542671
NPR 168.234057
NZD 1.992551
OMR 0.430759
PAB 1.120366
PEN 3.856752
PGK 5.032577
PHP 70.783091
PKR 309.941177
PLN 4.386675
PYG 7002.535229
QAR 4.081345
RON 5.342766
RSD 117.662082
RUB 92.423171
RWF 1652.494938
SAR 4.212928
SBD 9.017114
SCR 15.571896
SDG 673.882188
SEK 11.006434
SGD 1.43371
SHP 0.839046
SLE 25.711956
SLL 23492.881268
SOS 640.272652
SRD 42.070799
STD 23188.683962
STN 24.955474
SVC 9.802949
SYP 14566.602484
SZL 18.552796
THB 37.485317
TJS 10.284189
TMT 3.921174
TND 3.344764
TOP 2.697499
TRY 56.219351
TTD 7.598261
TWD 36.757315
TZS 2963.285297
UAH 51.036607
UGX 4587.59171
USD 1.120336
UYU 45.174861
UZS 13444.026317
VES 1004.175127
VND 28585.921757
VUV 133.613536
WST 3.123298
XAF 655.957
XAG 0.021264
XAU 0.00027288983
XCD 3.027763
XCG 2.019061
XDR 0.792135
XOF 655.957
XPF 119.331742
YER 265.099451
ZAR 18.389647
ZMK 10084.360068
ZMW 22.769754
ZWL 360.74759
SSP 6436.588023
MXV 2.342411
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

F1's Red Bull fined 7mn dollars but no points penalty for overspend
F1's Red Bull fined 7mn dollars but no points penalty for overspend / Photo: Jim WATSON - AFP/File

F1's Red Bull fined 7mn dollars but no points penalty for overspend

Red Bull have been fined $7 million for breaking Formula One's budget rules but will not have points deducted from their 2021 total, the sport's governing body said Friday.

Text size:

Red Bull will also be penalised with a 10% reduction in permitted aerodynamic research.

The FIA confirmed the team, which carried Max Verstappen to a contentious championship victory over Lewis Hamilton last year, overspent by £1.86 million ($2.15 million) in 2021.

The 10% cut is in the time they can spend using their wind tunnel or computational fluid dynamics to design their car.

The punishment comes after Red Bull acknowledged they were at fault and entered into a so-called "accepted breach agreement" with the FIA.

It follows two weeks of speculation that generated criticism of the management of the procedure and calls for harsher sporting penalties instead of a fine.

It was expected to be resolved at the United States Grand Prix last weekend, but it was postponed following the death of Red Bull patriarch Dietrich Mateschitz during final talks on an ‘accepted breach agreement’ (ABA).

Many teams felt that the punishment should have set an example, notably as the breach related to the 2021 season when Verstappen clinched his maiden drivers’ title with Red Bull in contentious circumstances at the Abu Dhabi Grand Prix, passing seven-time champion Hamilton of Mercedes on the final lap after an irregular Safety Car decision.

Red Bull’s acceptance of an ABA signalled that the team had admitted the offence, a move that brought less severe punishment than might have been if the saga had continued.

In a statement, the FIA said: “There is no accusation of evidence that Red Bull 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.”

The fine has to be paid within 30 days and the restriction on wind tunnel and computational fluid dynamics development applies for 2023.

The FIA noted that Red Bull had incorrectly excluded 13 items from the costs submitted for the 2021 season in a detailed statement explaining the review of the financial regulations and Red Bull’s acceptance of the ABA offered.

The team clinched their fifth constructors’ championship and first since 2013 in Texas last weekend where Verstappen record a record-equalling 13th win of the year.

The fine will be seen as a light punishment to the team, but the wind tunnel penalty will have some effect.

Teams are granted wind tunnel runs on a sliding scale depending on their result in the championship – and Red Bull are set to be trimmed from 28 runs to 25 while rivals Ferrari will next year have 30 runs, if they finish this season as runners-up. If Mercedes are third, they will have 32.

The team are expected to give their reaction at a news conference ahead of opening practice at the Mexican Grand Prix later Friday.

Rival team boss Zak Brown of McLaren said Red Bull’s actions had been tantamount to ‘cheating’, an accusation supported by other team bosses, including those of Ferrari and Mercedes, who may be disappointed at the outcome.

Many expected a wind tunnel reduction of 25 percent.

(F.Schuster--BBZ)