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Christian Horner explained Friday why Red Bull entered an Accepted Breach Agreement with the FIA after it breached last year’s budget cap.
The Milton Keynes-based team was dealt a $7 million fine and a 10% reduction in aerodynamic testing time for the next 12 months. According to the ABA, the original submission showed Red Bull came in under the cost cap by nearly $4.6 million based on the current exchange rate. However, there were 13 areas in total that the FIA determined needed to be adjusted, stating the team “inaccurately excluded and/or adjusted costs amounting to a total of £5,607,000 in its 2021 Full Year Reporting Documentation.”
