Sports

Red Bull, FIA suspend negotiations over budget cap after Dietrich Mateschitz’s death



AUSTIN, Texas – Red Bull and the FIA ​​have negotiated a budget cap breach following the death of company owner Dietrich Mateschitz.

Mateschitz, co-founder and owner of the Red Bull brand and the F1 team, died Saturday at the age of 78.

F1 will hold a tribute to the Austrian ahead of the US Grand Prix on Sunday.

His Red Bull team was in a independent of the governing body of motor racing this week against the 2021 budget cap.

The FIA ​​ruled earlier this month that Red Bull had committed a “minor” $145 million breach, although Red Bull insists it had no intention of overspending and is disputing how the FIA’s audit accounted for it. certain items.

Penalties for overspending are still unclear – unprecedented because F1’s budget cap was introduced last year and sanctions against “minors” (under 5%) and “large” (over 5%) is very broad.

It is understood the FIA ​​has given Red Bull what is known in the regulations as an agreed breach agreement (ABA), which is said to include a financial penalty and a sports penalty. , but Red Bull has yet to accept that deal.

On Sunday, Red Bull said: “Following Mr Mateschitz’s passing, all conversations with the FIA ​​surrounding Cost Cap and next steps are on hold until further notice. weeks.”

It is believed that the sports penalty imposed by the FIA ​​will significantly reduce Red Bull’s wind tunnel run time in an upcoming season, which will significantly limit the vehicle’s ability to update vehicles in a single season.

Retaliation penalties always seem unlikely, with some teams arguing that only Mercedes and Ferrari would benefit from stripping Verstappen of the 2021 championship or knocking Red Bull out of this year’s championship.

With rival teams united on the idea that overspending cannot be inadvertently overspending, with dialogue with the FIA ​​throughout, a future penalty is seen as the best way to erase any advantage. what Red Bull can get from overspending.

Red Bull can still take the case to an independent cost-limiting panel if it wants to appeal further, although this could lead to harsher sanctions if unsuccessful.

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