Red Bull have been fined $7m (£6.07m) and given a 10% cut in aerodynamic research allowed for breaching Formula 1’s budget cap.
The FIA’s governing body said Red Bull spent £1.86m in 2021.
Their financial penalty is not a reduction in authorized spending next year, when the budget cap is $135 million.
The 10% reduction is in the time they can spend using wind tunnel or computational fluid dynamics to design the car.
The penalty comes after Red Bull admitted it was at fault and signed a so-called “acceptable infringement agreement” with the FIA.
The FIA previously said Red Bull had made “slight” mistakes, which was when Max Verstappen won his first title in 2021, without elaborating.
A statement from the FIA detailing Red Bull’s mistakes said the team “inaccurately ignored and/or adjusted costs totaling £5,607,000” in 2021.
The Group’s FIA-adjusted material cost overrun was £1,864,000.
These included depreciation related to new business and fixed costs of power units and costs related to hospitality, social security, learning, inventory (parts not in use) and non-F1 activities.
Will the penalty have any effect?
Red Bull already had the shortest allowed aerodynamic research time in the first half of 2023 as a result of winning this year’s championship.
Last year, F1 introduced a sliding scale of aerodynamic restrictions in a bid to close the field, giving the lowest team in the championship the most research time and the highest the least.
Rival teams will question whether the penalty is appropriate, especially whether the fine will affect a very wealthy global corporation, and also why the published amounts differ from those doing the rounds in the F1 paddock. last weekend at the US Grand Prix.
They will also point out that the areas of overspending are irrelevant because they too could choose to spend more in such areas, but that would mean spending less on engineering and car design.
More to follow.