F1: FIA makes offer to Red Bull on Cost Breach – Report (Update)
Journalist reports the following details regarding the Red Bull breach:
Red Bull were initially well within the cost cap figure of $145 million by about $4 million before multiple factors combined to push them $1.8 million over, according to RacingNews365.com’s sources.
These included
- Internal costs related to gardening leave and sick pay – $800k
- Catering costs – $1.2 million
The other areas that pushed the team over the cap included the use of spare parts and a tax situation with UK authorities which meant the team went from $4 million under to $1.8 million over – a swing of about $5.8 million it is understood.
None of the costs had anything to do with car performance.
All the teams getting destroyed by Red Bull week-in and week-out have been getting their panties in a knot that Red Bull gained some sort of performance advantage because of the breach, just makes them look rather silly.
Quick, throw the losers a crying towel.
👂👂👂👀👀👀 pic.twitter.com/Tw0DGChGr3
— Ky (@FiftyBucksVT) October 21, 2022
October 20, 2022
BBC’s Andrew Benson reports that the FIA has made an offer to Red Bull for the terms of an “accepted breach agreement” for them breaching the cost cap.
Details, as with all issues on this matter, are confidential for now. Now Red Bull have to decide whether to accept or go before an adjudication panel.
If Red Bull accepts the penalty, they sign An Accepted Breach Agreement – or ABA – is where the team in question accepts they have done wrong and agree to follow certain actions that will be taken by the FIA’s Cost Cap Administration.
The details are currently confidential, and Red Bull must now decide whether to accept the terms laid out by the FIA, or go before the Cost Cap Adjudication Panel.
Accepting the ABA route would mean Red Bull would be hit with a minor sporting penalty and cannot lose constructors’ championship points, drivers’ championship points or a reduction in the cost cap.
Sky Sports has reported that Red Bull will call a press conference on Friday morning in Austin to address the cost cap breach ahead of this weekend’s United States Grand Prix.