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Audit shows ‘discrepancies’ in Red Bull F1 budget Audit shows ‘discrepancies’ in Red Bull F1 budgetComments Off

An audit by a company called Capgemini has found “discrepancies” in relation to Red Bull’s budget in the context of last year’s resource restriction agreement.
That is the claim of Italian magazine Autosprint, as Red Bull’s Sebastian Vettel travels to Singapore where he can wrap up his second consecutive championship this weekend.

Earlier this year, boss Christian Horner denied claims the team flouted the FOTA-governed cost savings agreement by as much as EUR 60 million in 2010.

Autosprint said the suspicion is that Red Bull broke the agreement by filing contentious information about its structure and workforce.

The magazine cited “sources” in claiming Red Bull figures have attempted to stop the Capgemini audit because it is an “invasion of privacy” requiring the release of “sensitive data”.

The report said the teams association FOTA, headed by McLaren’s Martin Whitmarsh, wants a “clarification” at a meeting this week even though “at the moment there is no mention of any penalties”.

Autosprint also questioned the timing of the emergence of the Capgemini story, given that Red Bull is on the cusp of securing both the drivers’ and constructors’ world championships for the second season running.

13th entry ‘not only way’ to enter F1 13th entry ‘not only way’ to enter F1Comments Off

Joan Villadelprat insists he is not giving up on bringing his Spanish Le Mans team Epsilon Euskadi into formula one.

After the FIA said on Wednesday it has decided to leave the 13th team entry vacant for now, Jacques Villeneuve said his partnership with Italian outfit Durango will now try to enter the sport by buying into an existing team.

Villadelprat, boss of the only other applicant, has adopted a similar stance.

“The 13th license was one way but not the only way to get into formula one,” he said.

Villadelprat admitted recently that it had not managed to accrue a full financial package for his F1 team.

“Without this capital it would be unfeasible to carry out the F1 project that we want,” he acknowledged on Wednesday.

“We have the ideal facilities and workforce for formula one and we will keep working to get there sooner or later,” he added.


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