This is an archive article published on October 28, 2022

Red Bull agree terms with FIA over cost cap breach

Red Bull team boss Christian Horner told reporters at last weekend's U.S. Grand Prix in Austin, Texas, that an ABA had been proposed by the FIA.

Red Bull driver Max Verstappen.(FILE)

2 min readOct 28, 2022 03:49 PM IST First published on: Oct 28, 2022 at 03:49 PM IST

Red Bull called a news conference for Friday at the Mexican Grand Prix amid media reports the new Formula One champions had agreed a settlement with the governing FIA on spending more than allowed last season.

Red Bull said the news conference would “address the 2021 Cost Cap” but they would not comment on an Accepted Breach Agreement (ABA). Sky Sports television reported an announcement on an ABA was expected and the team were likely to be handed a minor sporting penalty as well as a fine but without any championship points deduction.

Red Bull’s Max Verstappen won the drivers’ title last year and retained it this month. The FIA announced on Oct. 10 that Red Bull had committed a ‘minor overspend’ of the $145-million cap in 2021, without giving details. Media reports have given a figure of $1.8 million.