In the round-up: The FIA have reportedly offered the terms of an Accepted Breach Agreement to Red Bull after finding they breached the budget cap last year.
In brief
FIA offer Red Bull punishment agreement for cost cap breach
The BBC reports the FIA have submitted to Red Bull their terms for an Accepted Breach Agreement – a mechanism in the financial regulations where a team in breach accepts they overspent on the budget cap and agree to be penalised according to the terms outlined. If Red Bull refuse the agreement, they will be referred to an adjudication panel which will decide what punishment to hand them if they are considered to have overspent.
Red Bull have insisted that they did not exceed the budget cap last year when Max Verstappen won his first Formula 1 drivers’ championship. Asked yesterday whether he was concerned accepting such an agreement would be seen as an admission of guilt, Verstappen said: “I’ll see at that time, if we ever get to that stage.”
Haas unveil title sponsor for 2023
Haas F1 team have announced a new title sponsor that will join them for the 2023 season having run the entire year without the support of a title partner.
Ahead of the team’s home grand prix in the United States, Haas announced a new sponsorship deal with financial tech company MoneyGram. From next season, the team will feature the company’s logo on their car with a revised livery.
The team were previously sponsored by a Russian chemical company, who were title sponsors for the 2021 season and were set to be again this year before Haas broke ties with them after Russia invaded Ukraine.
Calan Williams to miss F2 finale
Formula 2 team Trident have announced that Calan Williams will not compete in the final round of the championship in Abu Dhabi next month.
Williams, who was racing in his first season in the series, competed in all 26 rounds prior to the final race weekend in Abu Dhabi alongside Richard Verschoor. The 22-year-old was 23rd in the drivers’ championship, with his only points of the season coming with a fourth place finish in Jeddah.
“Throughout the season, I know I demonstrated my capability at Formula 2 level,” said Williams. “Jeddah was a great result and I have been very pleased with many of the races I have put together in my rookie season, often finishing just outside the points or experiencing misfortune when running inside the scoring positions.
“However, these things can happen in…
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