Formula 1 Budget Drama

The FIA is expected to announce that two teams breached Formula 1’s budget cap in the 2021 season and one is believed to be Red Bull.

F1’s first budget cap was introduced in 2021 with a base limit of $145million, although extra payments were made for sprint races and if there were more than 21 races, and there are various exemptions.

It forced F1’s biggest teams – mainly Mercedes, Red Bull and Ferrari – to scale down their operations and put a greater emphasis on efficiency and financial management than ever before.

It was an especially significant year for the introduction of new financial regulations because in addition to the 2021 season, teams were having to manage the development of brand new 2022 cars built to completely different regulations.

The final teams are believed to have now submitted their accounts for 2021 and the FIA is understood to be aware of two breaches.

Red Bull and Aston Martin have been named in the paddock as the two teams, although this has not been officially confirmed.

What will this mean penalty wise?  And could it effect 2021 results?

via The Race.