Red Bull has responded to the FIA's findings into the auditing of Formula 1 team's finances for the 2021 season, saying they are 'surprised' with the outcome. The team were found to have committed a procedural and minor breach of the cost cap regulations, the latter meaning that they overspent the $145 million limit by less than 5%. The team believe that they are below the cost cap limit and that the 'relevant costs' are under the 2021 cost cap amount. The statement reads: “We note the findings by the FIA of 'minor overspend breaches of the financial regulations' with surprise and disappointment. "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."
Red Bull attacks 'conjecture' and 'positioning of others'
With speculation rife over the last few weekends over whether the team did breach the cost cap, Red Bull Team Principal Christian Horner threatened legal action due to the defamatory statements made in relation to the team. In the statement they double down on the 'conjecture' and 'positioning of others' and vow to follow the FIA procedure. "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."
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