Red Bull issues statement on their 2021 budget cap breach

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After the FIA announced that Red Bull has commited a ‘minor’ breach of the 2021 buget cap, the team says they will “consider all the options available to us”.

After a lengthy delay, the FIA finally released the results of their assessment of the 2021 financial data submitted by all Formula 1 teams.

The results confirmed the rumour that Red Bull has indeed overspent in 2021, and the FIA has classified this as a ‘minor’ breach of the budget cap.

Red Bull immediately came out with a statement.

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“We note the findings by the FIA of ‘minor overspend breaches of the financial regulations’ with surprise and disappointment,” read a statement from the team.

“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.

“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,” the statement concluded.

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