New reports have come to light that Red Bull may have committed a minor breach of the financial regulations last year, rather than a material one. Formula 1’s first budget cap was introduced last year, and it stood at $145 million for the teams to spend on their cars. There are three categories of breach of the financial regulations, one of which being procedural, whereby a team may fail to submit paperwork, or submits It late. Williams were fined for this by the FIA earlier on in 2022, and reports came to light last week suggesting that Aston Martin and Red Bull might have overspent last year. READ: Toto Wolff compares Lewis Hamilton to Fernando Alonso as he makes optimistic claim...
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