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Red Bull has expressed “surprise and disappointment” at the FIA’s ruling that it breached the cost cap regulations during Max Verstappen’s 2021 Formula 1 title-winning season.
— Oracle Red Bull Racing (@redbullracing) October 10, 2022
The team had insisted since suggestions it had overspent first emerged that it was below the cost cap.
The FIA officially announced on Monday that it did not consider this to be the case and that Red Bull was guilty of what it terms a “minor” overspend, which could equate to something up to $7.25million.
A statement issued by Red Bull insisted it was still confident of its innocence, and again hit out at rivals’ “conjecture and positioning” on the matter in the build-up to the FIA announcement.
“We note the findings by the FIA of ‘minor overspend breaches of the financial regulations’ with surprise and disappointment,” it read.
“Our 2021 submission was below the cost cap limit, so we need to carefully review the FIA’s findings as our belief remains that the relevant costs are under the 2021 cost cap amount.
“Despite the conjecture and positioning of others, there is of course a process under the regulations with the FIA which we will respectfully follow while we consider all the options available to us.”
Red Bull had already threatened to take some form of action against Mercedes and Ferrari for their comments about the possibility of a breach.
