Before the Singapore GP drama even unfolded, the paddock was full of rumors about a budget cap infringement. Now we all know fingers are being pointed at Red Bull for overspending in the 2021 season. The overspending claim is a serious accusation that could earn the Milton Keynes outfit sanctions from F1’s governing body.

The penalty for overshooting the $145 million cap in 2021 is still unclear. However, the FIA reportedly will release a statement on Wednesday pointing out the penalization process. The statement will also highlight the guilty parties who overspent in the 2021 season.

However, ahead of the disclosure, Red Bull Racing’s boss, Christian Horner, is a confident man. “No, I mean, I’m absolutely confident in our submission. It’s been through a process. And we believe that we are comfortably within the cap,” revealed the Red Bull boss.

“So the FIA are following their process. We expect hopefully, and potentially this week, to hear not just us, but all of the teams, the outcome of that process,” added Horner.

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Horner is confident in the financial report that was submitted in March to the governing body. The confidence might stem from Horner’s knowledge that Red Bull is in fact well under the limit.

This could be absolutely true, as the Red Bull boss even suggested robust enforcement of the budget cap rule.

Red Bull boss asking for FIA to bring the hammer down on the budget cap infringements

Horner further revealed that even after their submission in March, there have been new clarifications in the rule. Seeing this is the first year of implementation of the rule, the FIA needs to be strict, suggests Horner.

He said, “These are a brand new set of regulations that are highly complicated, and that apply to companies of different structures, different formulations, and of course, regulations. There’s always different interpretations to those regulations. So in the first year, it will be very interesting to see how that is applied. It’s an enormous topic for the FIA to get their arms around.”

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No one is sure what the all-important statement on Wednesday will reveal but it should be a defining one keeping in mind this will be the initiation of the budget cap rule.