FIA releases penalty details for Red Bull
The penalty states that there is no accusation or evidence that RBR has sought at any time to act in bad faith, dishonestly or in a fraudulent manner, nor has it willfully concealed from the Cost Cap Administration.
Breach was £1,864,000 ($ 2.2m) or 1.6%, but FIA acknowledged if a tax credit had been correctly applied would have been £ 432,652 ($ 0.5m), or 0.37%
13 points are highlighted as areas that were incorrectly interpreted by Red Bull (including catering, unused parts, PUs) and needed revising that led to the final 1.6% overspend figure. Reduction in wind tunnel and CFD time will be over next 12 months.
The official penalty list RBR has accepted is as follows:
a) RBR must pay a Financial Penalty of USD 7,000,000 to the FIA within 30 days of the date of execution of the ABA (Article 9.5 of the Financial Regulations);
b) RBR receives a Minor Sporting Penalty in the form of a limitation of RBR’s ability to conduct aerodynamic Testing during a period of 12 months from the date of execution of the ABA through the application of a reduction of 10% of the Coefficient C used to calculate the individual Restricted Wind Tunnel Testing (RWTT) and Restricted Computational Fluid Dynamics (RCFD) limits applicable to each Team as set out in Article 6 of Appendix 7 to the FIA Formula 1 Sporting Regulations. For example, if the Coefficient C, based on RBR’s championship position is 70%, the effective new value of C will be: CNEW=70% x (1-0.10) = 63.0%; and
c) RBR bears the costs incurred by the Cost Cap Administration in connection with the preparation of the ABA.
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