#AMuS | The relatively mild penalty is based on the fact that Red Bull Racing cooperated with the auditors and FIA.

The financial rules are new and complex and RBR didn't act in bad faith that their interpretation of the costs was correct. Image
Additionally, Red Bull have incorrectly filed a £1.4 million tax break to their detriment. This means that the budget limit would only be exceeded by £432,652 or 0.37%.
If the cost cap is exceeded by less than 5%, the offense falls into the "Minor violation of the rules" category and can therefore only be punished to a limited extent.

The fact that RBR accepted the penalty further reduced the range of possible sanctions.
Amongst the 13 points that were incorrectly interpreted by RBR are:

- Misallocating/under-budgeting factory catering expenses
- Social security payments
- Bonuses
- Capital gains
- Apprentice salaries
- Engine usage costs/unused parts
- Travel expenses and use of supplies

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with RBR News 🇳🇱🇲🇽

RBR News 🇳🇱🇲🇽 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RedBullRacingEN

Oct 30
Some context:

"[HAM] doesn't win a race all year, and then finally comes back at a track where he could win the first race all year, battling the same guy who won the race he was robbed in the previous year, and manages to finish ahead of him," said Kravitz, US GP.
"What a script and a story that would have been. But that's not the way the script turned out today, was it?”
"Because the guy that beat him after being robbed actually overtook him, because he's got a quicker car, because of engineering and Formula 1 and design, and pretty much because of [Adrian Newey, Red Bull's Chief Technical Officer] over there."
Read 5 tweets
Oct 30
🗣️ | 🇲🇽 Checo:

"At the end, I think P4 is is not the worst but I think certainly we could have been quite a lot higher than what we are." Image
"Obviously if there’s a quali that you want to have everything perfect it’s this one, especially given how close we went to pole, I think certainly we could have progressed much more than what we did."
"Tomorrow is going to be a race with a lot of people in the front. I think there is a lot of things we can do for tomorrow, so we will try our very best."

"[Not concentrated on beating his Champ rival] Just want to win and I will give my best into T1 and then see what happens.”
Read 4 tweets
Oct 29
🗣️ | Checo on Friday:

"I think we got up to speed fairly quickly and got into a rhythm so it should hopefully be quite straight forward tomorrow." Image
"It was a tricky day to get a read on things, as is typical in Mexico with the altitude, everything is floating around. It is very easy to make mistakes in these conditions so overall I think we had an ok day."
"I think we got up to speed fairly quickly and got into a rhythm so it should hopefully be quite straight forward tomorrow. The tyre test means you basically lose FP2 but that’s how it is for everyone and in FP1 we got a good pace and we seemed to be competitive."
Read 6 tweets
Oct 29
🗣️ | 🇲🇽 Max on Friday:

"We have very little information, but from what we tried; everything was working okay. Let’s see what we can do come qualifying tomorrow." Image
"I had a little spin this morning in FP1, as soon as I came off the track it felt like ice and I was drifting left and right. On the soft tyres, everything felt okay but we only had one run on them."
"In FP2 [Pirelli tyre test], so it makes it a little bit more difficult as there are a lot of unknowns again, similar to last weekend. We have very little information, but from what we tried; everything was working okay. Let’s see what we can do come qualifying tomorrow."
Read 5 tweets
Oct 28
🗣️ | 🇲🇽 Christian:

“Why have we accepted it? Had we dragged it out through the administration process, that could have taken months and beyond that the ICA could have taken further months."
"We could have been looking at a 12-month period to have this closed and the amount of speculation and sniping that has been going on, we felt it was in everyone’s interests to close the book."

“We accept the penalties - begrudgingly, but we accept them."
"$7m is an enormous amount of money and the more draconian part is the sporting penalty which is a 10% reduction in our ability to use our wind tunnel and aerodynamic tools. That represents between 0.25secs and 0.5secs of lap time."
Read 4 tweets
Oct 28
🚨 | BREAKING: Red Bull will be penalised with a $7m fine & 10% reduction in car development time for 2023 for budget cap breach.

Breach was £1,8m/1.6%, but FIA acknowledged if a tax credit had been correctly applied would have been £432,652 ($0.5m) or 0.37%.

(@ChrisMedlandF1)
Accepted Breach Agreement states: “There is no accusation or evidence that RBR has sought at any time to act in bad faith, dishonestly or in a fraudulent manner, nor has it wilfully concealed any information from the Cost Cap Administration.”
13 points are highlighted as areas that were incorrectly interpreted by Red Bull (including catering, unused parts, PUs) and needed revising that led to the final 1.6% overspend figure.

Reduction in wind tunnel and CFD time will be over the next 12 months.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(