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Red Bull team principal Christian Horner has insisted he is “not aware” of any budget cap breach after reports circulated suggesting two teams exceeded the spending limit during the 2021 season. F1 introduced a budget cap for 2021 of $145 million, with Mercedes boss Toto Wolff calling any excess spending a “heavyweight issue”.
Ferrari want to see ‘maximum penalties’ applied to any team that is found to have been in breach of the 2021 budget cap.
Red bull could face any one of a host of sanctions if it is indeed proven that they exceeded the 2021 budget cap, including a potential loss of championship points from last year.
The world of Formula 1 could be bracing for a scandal involving the dominant Red Bull team.
Mercedes boss Toto Wolff has demanded Formula One’s governing body the FIA take robust action over reports Red Bull broke the rules when Max Verstappen beat Lewis Hamilton to last year’s world championship.
SINGAPORE :Red Bull boss Christian Horner on Friday dismissed as idle gossip reports they spent more than allowed last year under Formula One's budget cap and said the team were confident in their figures.
Liz Truss is reportedly set to hold an emergency meeting with financial forecasters after failing to calm chaos in the markets.
In the midst of economic uncertainty following the mini-budget unveiled by new Chancellor Kwasi Kwarteng, the Manchester Evening News asked every Tory MP for their views on tackling the crisis. Not one replied.