According to the results of the 2021 financial audit, the FIA found that Red Bull went over budget limits – the overrun amounted to $2.2 million, for which the team paid a $7 million fine. and received an additional limitation of working time in the wind tunnel.
In March, the FIA received data on team spending for 2022, rumored to have several teams go over budget at the same time. Formula 1 CEO Stefano Domenicali told Sky Sport News he was concerned about the situation.
Stefano Domenicali: “I am more than worried. I am almost sure that now everyone understands what the consequences of financial violations will be, so they pay special attention to this issue. And I believe that for more confidence from the teams we should do all the checks and announce the results as soon as possible.
We see other sports where I believe there is financial regulation overreacting to violations – and that’s wrong.
Source: F1 News
I am Christopher Clyde, an experienced journalist and content writer with a passion for sports. I have been writing about Formula 1 news for the past five years and am currently employed as an author at athletistic.com, one of the top sports websites in the US.
