In 2021, the gap between the top teams such as Mercedes and the rest of the grid was becoming too large to keep the sport competitive. Teams like Williams simply could not financially compete with the top teams and the FIA decided to introduce a cost cap to bring the field closer together. Teams were limited to spending a maximum of $145m over the course of the season and it was shockingly revealed last year that Red Bull had overspent in 2021. Despite calls from other teams for a severe penalty, Red Bull’s breach was categorised as ‘minor’ and therefore were punished with a $7m fine and had ten percent of their wind tunnel testing time taken away for the following 12 months. READ:...
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