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Red Bull respects F1 budget cap to avoid repeat overspending

Team Red Bull and Max Verstappen celebrate winning the Italian Grand Prix. Photo: Getty Images/Ryan Pearce

Red Bull has not exceeded last year's budget limit en route to its double World Championship, the FIA ​​has confirmed.

Motorsport's world governing body issued a statement on Tuesday announcing that all 10 teams were issued certificates of compliance, regarding the limit for 2022 was set at $135 million.

Red Bull this time last year was found guilty of a «minor overrun» in 2021, the first season in which the cost cap was in effect, receiving a $7 million fine plus a 10 percent reduction in wind tunnel time this season.

These penalties do not appear to have slowed their pace. Milton Keynes have won 24 of their last 25 races, including all 14 this season. And next season, they will be given the full wind tunnel time allotted to last year's champions.

Earlier this summer, there were rumors in Germany and Italy that two or three teams could break the rules, with Mercedes Lewis Hamilton saying he was «worried» that the teams could overspend given Red Bull appeared to be unharmed in any way. .

«It's definitely a concern,» said the seven-time world champion. “I mean, there was no serious punishment last time, so it’s unrealistic… there are people who will probably do it again and know that they will just be slapped.” /p>

At the time, the FIA ​​described the rumors as «factually incorrect», insisting that the review process for 2022 was still ongoing.

But certainly a number of teams were in danger of being fined. Back in May, high-profile Formula 1 officials told Telegraph Sport that the five teams' bids were being scrutinized.

Again, there was a lot of talk about possible tax breaks and how aggressive teams could be in this area. Last year, Red Bull was found to have unnecessarily included an additional £1,431,348 in their respective 2021 costs, which was the main reason they were £1,864,000 over the 2021 limit.

In any case, all the Ten Teams clearly succeeded this year in convincing the FIA ​​auditors that they were acting according to the rules.

Many will take this as evidence that the audit process is ineffective. Who wouldn't believe that a team's spending can actually be controlled, especially teams that are part of larger multinational organizations.

Anticipating such claims, the FIA ​​said in a statement that its process this year was more thorough than when -or. including a closer look at non-Formula One activities. He added that no team has challenged the findings or made any charges through his anonymous reporting system.

«The review was an intensive and thorough process that began with a detailed review of the documentation submitted by the participants,» the FIA ​​said. «In addition, a thorough review of any non-Formula One activities undertaken by the teams was carried out, which included numerous field visits to teams and thorough audit procedures to assess compliance with the Financial Rules.

» FIA Cost Cap Administration notes that all participants have always acted in good faith and cooperation throughout the entire process.

“The FIA ​​also notes that the Financial Regulations are essential to long-term financial stability. sport, and that they will continue to be developed and refined based on the results of each review process, both in terms of the rules themselves, which are written and approved within the FIA ​​Formula 1 management process, and in terms of how they are enforced and monitored.

“The FIA ​​has invested and will continue to invest heavily in this department for the collective good of the sport.”

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