The Formula 1 Red Bull team has been fined seven million dollars for exceeding the budget limit for 2021, the International Automobile Federation (FIA) announced.
Also, Red Bull was fined with a 10 percent restriction on aerodynamic testing.
The FIA, on the other hand, did not retroactively deduct points from Red Bull for this “minor” breach of the 1.6 percent (£1.864 million) budget limit, so Max Verstappen retained the title he won last year.
They have 30 days to pay the fine, and testing restrictions are imposed for a period of 12 months.
This penalty is not a reduction in their allowed spending for next season, so like all other Formula 1 teams, they will have a budget of 135 million dollars.
Red Bull is the only team to exceed the budget limits, set for the first time in Formula 1 for the 2021 season.
The FIA praised the team’s “cooperation” in resolving the case, which the body revealed on October 10, and believes the Formula 1 team did not intend to act “dishonestly or in bad faith”.
Another mitigating circumstance, according to the FIA, was the “first year” of financial regulation and the “very complex set of rules” that the ten teams had to comply with.
