F1 2022

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Tinuva

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They did? I must have missed that. Makes perfect sense tho.
Think this is from around 9 October


"The technical knowledge and the fact that De Vries can quickly adapt to different cars are two other factors that Marko considers to be of added value. "I was very impressed with the on-board radios when he got into Sebastian Vettel 's car . I listened to the radio and the comments he made were very good," said Marko in the paddock

In fact, he already sees De Vries as team leader before 2023 and not Yuki Tsunoda , who has more F1 experience after all. "Absolutely. Yuki is still young and doesn't have that experience technically, so Nyck can lead the team. We'll see how it goes next year in practice, but judging by his experience and personality, Nyck should be the team leader.
 

Yats

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Been confirmed now. Glad we are getting more international motorsport. Only downside is that the Kyalami 9 hour is on the same weekend!
 

Naks

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Red Bull's F1 cost cap breach was in four main areas: https://racingnews365.com/red-bulls-f1-cost-cap-breach-was-in-four-main-areas

"...Red Bull were initially well within the cost cap figure of $145 million by about $4 million before multiple factors combined to push them $1.8 million over, according to RacingNews365.com's sources.

These included
  • Internal costs related to gardening leave and sick pay - $800k
  • Catering costs - $1.2 million
The other areas that pushed the team over the cap included the use of spare parts and a tax situation with UK authorities which meant the team went from $4 million under to $1.8 million over - a swing of about $5.8 million it is understood.

Breach breakdown
The internal costs are said to involve former head of aerodynamics Dan Fallows, who resigned in mid-2021 to take up the technical director job at Aston Martin, according to RacingNews365.com's source.

As is normal in cases of personnel moving between teams, he went on a period of gardening leave, although the well-placed source understands that Fallows was moved across to the Red Bull Advanced Technologies branch of the business - away from the racing entity. Red Bull Racing did not factor Fallows into their calculations it is believed, while the FIA did. The rest of the costs were allocated to standard sick pay for team personnel.

RacingNews365.com also understands that a chunk of the overspend was caused by spare parts and a rules re-classification on them. Parts designed for the 2021-spec of cars that could not be carried over to the new breed were previously exempt, but in June of this year, the rule was changed so these parts were included in the budget total.

The catering costs added up to $1.2 million of the total overspend, with other minor expenses pushing the total towards the cap limit.

Despite rumours to the contrary, Adrian Newey's salary is not understood to be a reason for the breach. Newey's salary is believed by sources familiar with the matter to be exempt from counting towards the cost cap as it is one of the top three highest earners in the team.

Tax situation fluid
The largest chunk of the overspend is believed by RacingNews365.com to relate to potential tax credits and reimbursements from the United Kingdom tax authorities - His Majesty's Revenue and Customs (HMRC).

Known as Research and Development Expenditure Credit (RDEC), it can be claimed by contractors who have been hired by a larger firm for R&D work and have either received a grant or subsidy or the expenditure is greater than an aid cap on the scheme.

Calculated at 13% of qualifying R&D expenditure, some of the credit is able to be used to get rid of some tax liabilities.

Red Bull are believed to have expected a rebate from HMRC, but this did not materialise, adding the $1.4 million to the budget for the year.

However, RacingNews365.com understands that the situation is fluid and if Red Bull are able to prove they were expecting some sort of rebate from HMRC, the FIA will look leniently on this figure...."
 

OhYeah84

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RacingNews365.com also understands that a chunk of the overspend was caused by spare parts and a rules re-classification on them. Parts designed for the 2021-spec of cars that could not be carried over to the new breed were previously exempt, but in June of this year, the rule was changed so these parts were included in the budget total.
That's a bit of a sh(tty thing to do. Change the rule a 18 months later to possibly catch teams out? In other words, if the rule hadn't been changed this wouldn't have been a factor.

For the rest, gardening leave for an ex-employee and a larger-than-budgeted for catering bill don't point to RBR cheating. Hopefully this stops the Crashstappen nonsense on social media and quietens those trolls down.
 

Naks

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ah, Danny Ric, never change

312544983_10159387153263759_4292751515717265072_n.jpg
 

OhYeah84

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It was the same for every other team yet RB stuffed up.
Maybe, but missing the point. They had obviously spent a bit more than the other teams. That much is fact. But it wouldn't have mattered if the rules weren't changed post 2021 season.
 

Speedster

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It was the same for every other team yet RB stuffed up.
I think all of these teams would be pushing the envelope, including financially. If a couple of things go against you then you'll be over the limit and this seems to be what has happened to RB. Should they be punished, yes. Whether this constitutes cheating, I don't think so.
 
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OhYeah84

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I think all of these would be pushing the envelope, including financially. If a couple of things go against you then you'll be over the limit and this seems to be what has happened to RB. Should they be punished, yes. Whether this constitutes cheating, I don't think so.
The rules were changed in June 2022. They'd spent the previous 8 months believing it was all legitimate. Turns out, with the rules changed, they were pushed over.
 

Naks

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The rules were changed in June 2022. They'd spent the previous 8 months believing it was all legitimate. Turns out, with the rules changed, they were pushed over.

and that tax refund that didn't come through as well.
 

OhYeah84

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and that tax refund that didn't come through as well.
Well, yes. So...does this mean all those new F1 fans on Twitter will come and apologise? Doubtful, but then again they're not real fans and probably more likely to glue their hands to the ground in some useless protest.

All the Crashtappen/FRAUDmilton/not in my top 10 driver nonsense is so pathetic and over the top. Hate it.
 

caroper

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However, RacingNews365.com understands that the situation is fluid and if Red Bull are able to prove they were expecting some sort of rebate from HMRC, the FIA will look leniently on this figure...."
If that is true then a public reprimand will suffice.
No need for fines or points deductions, no cheating occurred and the Taxman is unpredictable.
 

OhYeah84

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I think all of these teams would be pushing the envelope, including financially. If a couple of things go against you then you'll be over the limit and this seems to be what has happened to RB. Should they be punished, yes. Whether this constitutes cheating, I don't think so.
So...you and your colleagues work bloody hard in the background and the company tells you that you made your financial target for the year (2021) and you're entitled to a 100% bonus. Happy days.
Come June 2022 they decide to take a look at the way the finance department rejigged things around so you could all get your bonus, and management decides that the new rules they put in place mean you only made 80% of your target, and now have to pay back 50% of your bonus.

Fair? Simple analogy but I am just curious to see how you'd respond to that rule change in a real-world situation.
 
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