“Bad for everyone involved”: Former F1 racer criticizes Red Bull for exceeding cost cap and urges for strict penalties
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Red Bull is the only team to have overspent the 2021 budget and the FIA has several possible options for fines. Nine of the ten teams were found to have spent less than the $145 million spending cap for the 2021 season, according to the FIA’s long-awaited 2021 financial reports. Red Bull was found to have committed a minor overspending breach, which means they exceeded their annual budget by up to 5% ($7.25 million). They had slightly surpassed the budget cap, according to data released by the FIA on Monday.
If this is the case, Ferrari and Mercedes have already expressed their outrage, so the next question is what the FIA will do to address this offense. They don’t comprehend anything at Red Bull Racing, for their part. The FIA did not disclose the exact amount of the breach, although it is said to be less than $2.2 million. It carries the harshest penalties, including points deductions that could change the outcome of the 2021 championship race or rule a team out of the F1 championship, while Red Bull’s Max Verstappen narrowly beat Mercedes’ Lewis Hamilton.
Christian Danner objects to the budget cap controversy in Formula 1. The former Formula 1 driver claims that it is detrimental to the sport and that it is difficult to determine the proper punishment in this case. Red Bull’s excessive spending will draw more attention to how the FIA handles the situation, and some sources say it will serve as a test case for the effectiveness of the cost cap. Christian Horner, team principal of the Red Bull team, expressed his confidence in his team’s complete adherence to the law.
The Red Bull budget cap scandal is bad for F1 racing
The governing body of motor racing officially released its findings on Monday, ending months of the intense rumour that two squads had been found to have spent more than the approximate $145 million limit in 2021. It stated in a statement that all teams except Red Bull Racing, Aston Martin Racing, and Williams had received their compliance certificates. Former F1 driver Danner states it harms the sport and it is difficult to determine what punishment is appropriate here.
“‘It’s really bad for everyone involved. Formula 1 and the teams want to work profitably. This level of profitability can only be guaranteed over the next few years if the budget cap is adhered to. Otherwise, we’ll go back to where we were years ago,” Danner refers to the crisis surrounding the coronavirus outbreak.
On ServusTV‘s Sport und Talk broadcast, the former driver of Arrows, among others, finds it difficult to determine a penalty. ”It will be very difficult to find an appropriate penalty now. Because the teams have violated the requirements differently. I can imagine that, for example, points will be withdrawn.”
It would be a procedural error in the case of Aston Martin, where Red Bull merely overspent. The FIA is currently examining a suitable sanction, which does not preclude the loss of points in the drivers’ or constructors’ championship. Procedural violations are associated with many standards of management accounting and arise due to changes in complex normative interpretation. Competing teams may feel they are no longer required to adhere to the spending limits if the governing body is overly lenient.
What’s your opinion on Red Bull’s budget cap breach tell us in the comments below.
Also Read: Just like soap operas” – F1 fans debate if Max Verstappen will lose his 2021 Championship title
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