F1’s Red Bull fined 7mn dollars but no points penalty for overspend

MEXICO CITY: Red Bull have been fined $7 million for breaking Formula One’s budget rules but will not have points deducted from their 2021 total, the sport’s governing body said Friday.
Red Bull will also be penalized with a 10 percent reduction in permitted aerodynamic research.
The FIA confirmed the team, which carried Max Verstappen to a contentious championship victory over Lewis Hamilton last year, overspent by £1.86 million ($2.15 million) in 2021.