The full extent of redbullracing's F1 cost cap breach has been revealed. adamcooperF1 explains the 13 errors listed in the FIA's report. Story:
that the team"inaccurately excluded and/or adjusted costs amounting to a total of £5,607,000" in the submission it made in March last year and that in the final analysis, it overspent by £1,864,000.The FIA has only made public the basic information in terms of which elements of the financial regulations were involved, but some information has emerged in recent weeks, and the public should learn more from Christian Horner later today.
2. Costs pursuant to Article 3.1 of the Financial Regulations concerning consideration and associated employer's social security contributions) This rule relates to the exclusion of employee bonuses, which RBR staff would have received after Max Verstappen's title success. This rule states that any"power unit transaction in connection with an F1 activity must be included in relevant Costs at not less than fair value." In 2021 Red Bull was supplied with free works power units by Honda.As with item 3, this relates to excluding costs directly attributable to non-F1 activities.
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