FIA issues statements on Red Bull budget cap breach rumours

© LAT Images for Mercedes-Benz Grand Prix Ltd

Amid rumours that Red Bull has significantly breached the 2021 budget cap, the FIA has issued two statements commenting on the situation.

Yesterday, Auto Motor und Sport and Gazzetta Dello Sport reported that there is talk in the paddock that Red Bull has breached the 2021 budget cap.

The story has since been widely reported across the F1 media, with reports saying that the breach can be classified as ‘material’, which is a harsher offense.

Amid these rumours, the FIA issued a statement.

“The FIA is currently finalising the assessment of the 2021 financial data submitted by all Formula 1 teams,” the statement read.

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“Alleged breaches of the Financial Regulations, if any, will be dealt with according to the formal process set out in the regulations.”

A bit later the FIA came out with another statement, referencing the rumour directly.

“The FIA notes significant and unsubstantiated speculation and conjecture in relation to this matter, and reiterates that the assessment is ongoing and due process will be followed without consideration to any external discussion,” the FIA concluded.

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