Christian Horner insists Red Bull are 'not aware' of any budget cap breach as Toto Wolff calls it 'heavyweight' issue

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”.

Ad Max Verstappen won the drivers’ title on the last lap of the final race in Abu Dhabi as Lewis Hamilton was cruelly denied a record eighth crown. Singapore Grand Prix'Qualifying is important' — Leclerc frustrated with limited track time in free practice sessions17 HOURS AGO Overspends carry a range of sanctions – graded as minor (less than 5% over budget) and major (more than 5% over budget) – including points deductions, race suspensions and even exclusion from the championship.

«We are certainly not aware of any [breaches],» Horner, who also described the regulations as “immature”, told Sky Sports at the Singapore Grand Prix. «The accounts were all submitted way back in March, so it's been a long process with the FIA going through, and we are in that process as we speak.

»They are rightly following that process and I think mid-next week is when they declare their certificates. «Certainly our submission was below the cap and it's down to the FIA to follow their process, which they are currently doing.» Horner’s comments came shortly after the FIA released a statement about potential rule breaches.

«The FIA is currently finalising the assessment of the 2021 financial data submitted by all Formula 1 teams,” it read. “Alleged breaches of the Financial Regulations, if any, will be dealt with according to the formal process set out in the regulations.» Wolff claimed that an overspend in 2021 could