Formula races

Red Bull agree terms with FIA over cost cap breach

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Red Bull driver Max Verstappen, Japanese Formula One Grand Prix, Suzuka Circuit

Red Bull called a news conference for Friday at the Mexican Grand Prix amid media reports the new Formula One champions had agreed a settlement with the governing FIA on spending more than allowed last season. Red Bull said the news conference would “address the 2021 Cost Cap” but they would not comment on an … Read more

Red Bull guilty of ‘minor’ budget cap violation: FIA

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Formula One team Red Bull was found to have breached budget regulations last season, with the sport’s governing body saying Monday it was guilty of “minor” overspending. The FIA announced the verdict of its investigation into whether some F1 teams had violated the spending regulations in 2021, when Red Bull driver Max Verstappen won his … Read more