The finish line is in sight, not just for the 2022 season but the cost cap controversy as well... F1
Red Bull’s budget cap saga set to resume: Will the team accept FIA’s breach offer?The ongoing budget cap saga involving Red Bull following the FIA’s discovery of a ‘minor overspend breach’ could conclude soon, according to Christian Horner.
All sorts of rumours have abounded about the nature of the overspend and the area of the company in which it occurred, while suggested figures have ranged from a couple of hundred thousand all the way up to the $7.25 million upper range that defines a minor overspend. “There was no feedback or suggestion that we were doing anything that was contrary to any regulations. And then, of course, the submission was made in March. Again, we didn’t hear anything from that submission in March until the latter part of September.”
“Certainly we applied a very strict ruling in the way that we treated our new stock. And I think that a clarification came out in June that changed the application of that. That had a seven-digit effect on our submission. But, of course, retrospectively, we were not allowed to change your submission.
“We expected certain things to be potentially challenged or clarified, as is the process in a brand new set of regulations but, based on external, professional accounting third parties, the interpretation of those rules, of a 52-page document to police this, were very clear from our side. “We’re in that process and have been for the last… pretty much, what, 10 days or so? Going backward and forwards with the FIA. And I hoped for it to be resolved before this [United States] weekend.”
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