Red Bull to accept penalty as part of FIA agreement over budget cap breach

The team will make a formal statement on Friday at the Mexican Grand Prix but are believed to have agreed to what is known as an “accepted breach agreement”, which acknowledges they had exceeded the cap and will accept the penalty imposed by the FIA. Red Bull’s spending in 2021, believed to be around £1.8m over the cap of £114m, was deemed a minor breach and not sufficient for a penalty that would have had an impact on last year’s world championship, narrowly won by the team’s Max Verstappen over Lewis Hamilton. Red Bull have maintained they believed they were within the cap when they submitted their accounts but that subsequent rule clarifications pushed them over the limit.

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