- Team could face reduction in cost cap in future as punishment
- Lewis Hamilton in talks to extend Mercedes contract
Red Bull are understood to have accepted an agreement with the FIA over their breach of the Formula One cost cap. The team will make a formal statement on Friday at the Mexican Grand Prix but are believed to have agreed to what is known as an “accepted breach agreement”, which acknowledges they had exceeded the cap and will accept the penalty imposed by the FIA.
Red Bull’s spending in 2021, believed to be around £1.8m over the cap of £114m, was deemed a minor breach and not sufficient for a penalty that would have had an impact on last year’s world championship, narrowly won by the team’s Max Verstappen over Lewis Hamilton.