And sick leave. Don't forget the sick leave. They fed their employees, got sick and Toto + Benito blew their collective fuses. Awesome.
Forget all the ambiguities involved in cost accounting, forget that the minor overspend wasn't even in the category of car development ... $1 million out of $145 million is "in the noise", it's a rounding error. Like getting "caught" for going 70.5 mph in a 70 mph zone. ... but i'm sure the Mercedes fans will be calling for past, present and future disqualification of Red Bull from the sport
Sure, that's what it was spent on. Regardless, this just goes to show the cost cap is a joke. Frankly, I applaud RBR for giving the FIA the finger on their stupid cost cap. It's none of the FIA's business what a team spends. And btw, I feel the same about Mercedes bringing update after update. Horner and Toto being hypocrites about the budget cap should not be a shock. Ferrari are just mad that they got played for being chumps, because that's what they were to be stupid enough to care about the cost cap to the last dime.
Yes. A major breach (over 10M), after a week, became a minor breach(~1M), and not overspent on car development but on chewing gums for RedBull team guests. Damn, that's really fascinating news. If it was really such minor fault, why did they have to delay revealing that for all those days?
Of course the other teams are getting in the discussion: Ferrari team principal Mattia Binotto said on Sunday that even a so-called 'minor' breach was a significant offence, and detailed the value of an overspend to a team's competitiveness. Binotto said: "If there is a breach, the penalty has to be significant. Our car has been developed respecting the budget cap and we know how much even a minor breach would have implied in performance. "$5m is about half a second, $1-2m is 0.1-0.2secs, which can be the difference between second on the grid to pole. "It is about 2021. And also over the following seasons. I am expecting full transparency and clarity on the discussions they have had." Mercedes F1 team principal Toto Wolff has also called for transparency about the process that was used to arrive at the assessment of any offence.
What "major" breach? Please provide a link from the FIA, accusing or finding Red Bull of a "major" over-breach a week ago. Oh ... wait ... you took the rumors and accusations by Mercedes to be "gospel truth". I'm so sorry
But all of this is based on factless information. Some people so convinced that Red Bull did wrong will believe anything. So people that wanted to believe it was a major breach, are upset that it's a minor breach. That's how fake news happens. Even when presented with the facts, you're not happy.
I think this was predicted (by yourself, if memory serves). The rumors "cemented" the $10 million over-spend, on car development. Once the truth comes out ... none of the competitors, or their fans, will believe it "But, but ... Toto said it was $10 million ... wahh ... wahh ..." Red Bull has a strong case in civil court, should they wish to pursue.
Horner - Im 'confident' we are comfortably 'under' the limit LOL...........................over is not under - in his mind maybe lol He was better off saying NOTHING. So about those statements he would like to consult legal authorities on when referring to Ferrari and Mercedes??????????? LOL Horner just a little loud mouth punk. He just cannot sort out when to shut it. Beyond stupid but HIGHLY entertaining Speaking at the recent Singapore Grand Prix, Red Bull team boss Christian Horner said that he had faith his squad had fully complied with the rules. Red Bull makes minor F1 cost cap breach, Aston Martin infringes procedural rules Red Bull and Aston Martin have been found guilty of breaching last year’s Formula 1 cost cap rules, as the FIA unveiled the outcome of its financial audit on Monday. By: Jonathan Noble Oct 10, 2022, 5:14 PM Image Unavailable, Please Login Following intense speculation since the Singapore Grand Prix that two squads had been found to have spent more than the circa $145 million limit in 2021, motor racing’s governing body formally published its findings on Monday. In a statement, it said that all teams had been issued with their compliance certificates apart from Red Bull, Aston Martin and Williams. The Williams breach was in reference to the late submission of files last year, which the team was fined for. Aston Martin was deemed to be in procedural breach of the rules, while Red Bull was said to have both a procedural and minor overspend breach. The FIA’s belief that Red Bull broke the spending limit comes despite the team having expressed confidence that the financial submission it made last March was comfortably under the limit. Speaking at the recent Singapore Grand Prix, Red Bull team boss Christian Horner said that he had faith his squad had fully complied with the rules. “I'm absolutely confident in our submission,” he said. “It's been through a process. It went in in March, in terms of [being] signed off fully by our auditors who are obviously one of the big three. And we believe that we are comfortably within the cap. “So the FIA are following their process. We expect hopefully, and potentially this week, to hear not just us, but all of the teams, the outcome of that process.” F1's regulations lay out a range of options as punishment for teams that have breached the cost cap. For a minor breach, which is less than 5% overspend, penalties can include a public reprimand, a deduction of constructors' or drivers' championship points, exclusion from events, limitations on aero testing or a fine. Red Bull’s overspend will prompt increased scrutiny on how the FIA deals with the matter, with several outfits suggesting the matter will be a test case for the success of the cost cap. Image Unavailable, Please Login Sergio Perez, Red Bull Racing RB18 Photo by: Steven Tee / Motorsport Images Should the FIA opt for a harsher punishment on the Milton Keynes-based squad then it could be viewed as unfair considering how new the cost cap regulations are and how everyone is trying to understand them at this stage. However if the governing body is too lenient, then that could open the door for rival teams to feel that they no longer need to stick to the spending limits. Speaking on Sunday in Japan, Ferrari team principal Mattia Binotto reckoned it was better for the FIA to be too harsh than try to brush the matter under the carpet. “What’s important for us is whatever will be the breach, if any breach, the penalty has to be significant, because believe me, that our cars today in Japan tried to fight for the best position,” he said. “These are cars that have been developed maintaining, respecting the budget cap itself, and we know how much, even if it’s a minor breach, how much it would have implied in terms of performance. “I mentioned five million is about half a second, even one or two million is about one or two-tenths which is about from being second on the grid or being on pole and maybe having the fastest car. “Obviously it’s about 2021, and from 2021 it’s an advantage you gain over the following seasons. I think what we need and what I’m expecting is full transparency and clarity on the discussions that may have happened.” No details were forthcoming about how the FIA would handle Aston Martin and Red Bull’s breaches of the rules. A statement said: “The FIA Cost Cap Administration is currently determining the appropriate course of action to be taken under the Financial Regulations with respect to Aston Martin and Red Bull and further information will be communicated in compliance with the Regulations.”
Easy solution on this is to provide monthly P&L's for each team. Make it similar to what a company has to provide to the street. That'll keep the numbers in the open on a factual basis and would avoid after the fact discussion (which in my opinion is the entire problem here, it was LAST YEAR)
Yup pretty sure I said that here. Genuine question: This happens (picture), but at second to last race in the season. If a team repairs it, they've gone over the cost cap, if they don't, they've lost the championship. Now what? Image Unavailable, Please Login
Next up the great Crypto Sponsor is dying LOL Formula 1's Crypto.com Sponsor Is Falling Apart Ad Age illustrates just how quickly a booming company can fall apart.
Newey created miniature sausage rolls modelled after the RB16B and the RB18. Using their wind tunnel as an "air oven", they successfully tested the cars. When they were done, they ate the evidence. The rolls were a bit undercooked and those stomachs couldn't handle it - Horner had to send everyone home, hence the sick pay.
Yes but will the Netflix camera's be recording as they were in the Principals meeting where Horner tossed out he was fully in compliance and under the cap and then threatend legal action lol ???????????????????? Should Netflix cover the planned lawsuit they have zero chance of filing or winning?? Material and or reputational damage with the new titles yes?? That case?? Please lead them to court lol
Here's FIA statement: https://www.fia.com/news/fia-completes-review-under-2021-fia-formula-1-financial-regulations
It's horribly unsporting that repairs even count towards the cap. Sometimes bad luck strikes, and a driver gets caught in multiple accidents that were no fault of their own. Elkaan, Binotto, and Mekies have been put on notice to simply ignore the cost cap. It's like team orders. Means nothing. Won't cost you points or any performance to do so, and they're fools if they don't kick up development next year.
I'll watch my speed as i lead them to court ... don't want to get thrown in jail, or executed, for going 60.4 mph in a 60 mph zone
I love ... i mean, i absolutely LOVE this sentence from the official FIA report: "The FIA would also note that with respect to this first year of the application of the Financial Regulations the intervention of the FIA Cost Cap Administration has been limited to reviewing the submissions made by the Competitors and that no full formal investigations were launched." So, no real "audits" happened AT ALL. The investigation and conclusions were based solely on the info provided by the teams, with no double-checking or verification What a complete FARCE Nothing more than a circus side-show, from beginning to end.
