Sunday, November 27, 2022
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Red Bull’s overspending for 2021 to be around £1m – no title change expected

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Lewis Hamilton will not be handed last year’s F1 world championship. This is because Red Bull are expected to have only committed a minor breach of their financial limits. The amount that they spent over their limits remains speculative at this point. 

However, it is not close to the £10 million that was rumoured. In fact, it is close to £1 million that will be considered no more than a ‘procedural’ breach.

Red Bull financial findings to be published soon 

The FIA will soon publish their audit about Red Bull’s financial records for last season. They are expected to release the same on Wednesday. But, there is a chance that they might push that date back since they don’t want to fall in line with deadlines set by other people. 

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Red Bull submitted their financial records to the FIA in March, and those were approved by their own auditors. They had kept their records £4 million under the £114 million limit that was introduced, in order to give themselves breathing room. 

Several parts of the financial limits are still being tested, which is why there isn’t total clarity on the issue. Mercedes and Ferrari were very public over their criticism of Red Bull when initial rumours emerged about their overspending. 

But in light of these accusations, Max Verstappen could win the title for a second season running if he beats Charles Leclerc by eight points or more. 

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Arsh Das
Arsh Das
A music enthusiast, also passionate about football and bringing you the latest in the sporting world every day.

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