• Loading stock data...
Monday, June 24, 2024

F1’s Red Bull Fined $7M, Keeps Titles

  • Red Bull has been fined $7 million for violating last year's $145 million cost cap.
  • The team will also face reduced car testing abilities.
Red-Bull-Max-Verstappen
Jerome Miron-USA TODAY Sports

Red Bull has been punished for breaching Formula 1’s first cost cap, but its opponents are unlikely to be satisfied.

The F1 team has agreed to a $7 million fine, a 10% reduction in wind-tunnel testing time, and restricted computational fluid dynamics limits as penalties for exceeding the cap by under 5%.

  • The FIA determined that Red Bull surpassed the $145 million budget limit enacted last year. The cap dropped to $140 million this year and will be $135 million from 2023 to 2025.
  • The team won’t lose any points, allowing it to retain this year’s constructors championship and for Max Verstappen to hold the drivers’ titles from this year and last year.
  • Red Bull was already facing the least wind-tunnel testing time among all teams. The FIA distributes time based on the team’s record the previous season.

Rivals’ Road Rage

The punishment appears to be less than what Mercedes, the top constructor every year from 2014 to 2021, and McLaren wanted.

Lewis Hamilton, who lost last season’s driver’s championship in the final lap of the final race to Verstappen, had called for significant punishments, saying “a slap on the wrist won’t be great for the sport.”

McLaren Racing CEO Zak Brown wrote a letter to the FIA prior to the ruling, stating that cost cap violations “constitute cheating by offering a significant advantage across technical, sporting and financial regulations.” 

Red Bull principal Christian Horner called Brown’s claim “absolutely shocking.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Everton FC owner Farhad Moshiri stands on the pitch at Goodison Park Stadium.

Another U.S. Takeover? Houston-Based Group in Talks With Everton

The English soccer club continues to look for a new owner.

Clark vs. Reese: Priciest WNBA Game Set for Record-Breaking Viewership

Ticket pricing has already set a league record, while viewership expectations are lofty.

MLB’s Rickwood Game Plans Change Significantly After Passing of Mays

The special-event game at the historic Negro League park follows the death of the iconic Willie Mays.
podcast thumbnail mobile
Front Office Sports Today

Clock is Ticking to Restart Coyotes’ Franchise

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.
June 18, 2024

Caitlin Clark Continues to be Enormous Box Office for the WNBA

Sunday’s Fever-Sky game was the most-watched WNBA broadcast in 23 years.
June 19, 2024

U.S. Hosts Copa América: A Milestone in Soccer’s Oldest Tournament

The U.S. hosting of the tournament follows a larger partnership between two major soccer federations.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 18, 2024

Euro 2024 Kicks Off With Record Demand and Streaming Issues

Ten German cities are hosting matches this month.
June 18, 2024

MLB Attendance Continues to Trend Up in the Pitch Clock Era

The pitch clock has helped spike attendance numbers the past two seasons.
June 17, 2024

Spring Football’s Future: UFL’s Mixed Results, Ambitious Changes Ahead

“You really need deep pockets,” former XFL commissioner Oliver Luck tells ‘Front Office Sports.’
June 17, 2024

Liberty Warned WNBA of NBA Draft Game Conflict Months Ago

The Commissioner’s Cup title game will be played at UBS Arena in Elmont, N.Y.