Later this week, a whistleblower linked to Formula One management had unfurled to a media outlet that Red Bull and Aston Martin might have breached Formula One’s budget cap last season, while Ferrari and Mercedes officials had mocked over the issue adding this was known for long.
On top of that, followed by the release of the media headline, the FIA had told in a statement that any kind of breach of F1’s financial regulations would be “dealt with”. Concomitantly, with the charges stemming a swathe of criticism across the F1 arena, Mercedes boss Toto Wolff was quoted saying in a statement that the accusation is very critical, while if the Red Bull and Aston Martin F1 teams did really breach F1’s budget cap last season, the issue would be “very serious” for Formula One.
Red Bull, Aston Martin may have breached F1 budget cap in 2021
In point of fact, Formula One had implemented a budget cap last season aimed at yielding more competitiveness in the races while making the sports more sustainable.
According to F1 rulebook, an F1 team was allowed to spend $145 million last year, while the total was downsized to $140 million this year. Fuelling up the fire further, Ferrari team boss was quoted saying later this week that the alleged breach of F1 budget cap has been an “open secret”.
Nonetheless, speaking in an interview with a press agency, Red Bull boss Horner had brushed aside the concerns, while Red Bull F1 team had told in a statement that the media reports were “purely speculated at this stage”.
Besides, Aston Martin F1 Team said that they have submitted their 2021 expenses to Formula One and are “awaiting certification”