Formula One’s budget cap was intended to draw financial lines in the sand. With the furore of its breach by Red Bull still echoing, it appears to have instead become a rallying call to form battle lines in what is an increasingly combative and toxic atmosphere bemoaned by many within the sport.
Red Bull were deemed to have broken the £114m budget cap for 2021 by £1.86m and acknowledged this in an “accepted breach agreement” with the FIA. The team conceded they had broken the cap and accepted a £6.05m fine and a 10% reduction in wind tunnel time.
