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Millionaire fines Red Bull for breaching Formula 1 financial regulations

Summary by Ground News
The Cost Cap Administration carried out the first ever Review process under the FIA Formula One World Championship Financial Regulations. Red Bull Racing was found to be in breach of the new rules. An Accepted Breach Agreement (ABA) was entered into by and between Red Bull and the Cost Cap administration on 26 October 2022.

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Formula 1® - The Official F1® Website… broke the news in on Friday, October 28, 2022.
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