MEXICO CITY (AFP) — Red Bull have been fined $7 million for breaking Formula One’s budget rules but will not have points deducted from their 2021 total, the sport’s governing body said Friday, Oct. 28.

Race winner Max Verstappen of the Netherlands and Oracle Red Bull Racing and Red Bull Racing Team Principal Christian Horner embrace in parc ferme following the F1 Grand Prix of USA at Circuit of The Americas on October 23, 2022 in Austin, Texas. (AFP)

Red Bull will also be penalized with a 10-percent reduction in permitted aerodynamic research.

The FIA confirmed the team, which carried Max Verstappen to a contentious championship victory over Lewis Hamilton last year, overspent by £1.86 million ($2.15 million) in 2021.

The 10-percent cut is in the time they can spend using their wind tunnel or computational fluid dynamics to design their car.

The punishment comes after Red Bull acknowledged they were at fault and entered into a so-called “accepted breach agreement” with the FIA.

Source: Manila Bulletin (