Formula One team Red Bull was found to have breached budget rules last season, with the sport’s governing body saying on Monday it was guilty of “slight” overspending.
The FIA announced the verdict of its investigation into whether some F1 teams breached spending rules in 2021 as Red Bull driver Max Verstappen won his maiden title on the last lap of the last race. Verstappen clinched his second consecutive title at the Japanese Grand Prix on Sunday.
The governing body said Red Bull was “considered a procedural breach and minor overspending breaches of financial regulations” in 2021, but sanctions would be announced at a later date. Exceeding the budget limit by less than 5% is considered a minor violation.
Aston Martin was also seen as violating the regulations. “The FIA Cost Cap Administration is currently determining the appropriate course of action to be taken under the financial regulations in relation to Aston Martin and Red Bull and further information will be communicated in accordance with the regulations,” the panel said in a statement.
F1 introduced a $145 million budget cap last year to level the playing field in F1 and reduce the spending power of powerhouses like Mercedes, Ferrari and Red Bull.
It was lowered to $140 million for 2022 and $135 million for 2023, excluding driver salaries and engine costs.