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Red Bull’s cost cap penalty could hit the 2022 Formula One world champions by as much as half a second a lap next season, team boss Christian Horner said on Friday.

Red Bull team principal Christian Horner during a press conference.

Horner said Red Bull, the team of double world champion Max Verstappen, were also “victims of our own success” with an additional reduction in wind tunnel use for winning the 2022 championship. “We take it on the chin. Now is the time to put it to bed and move on,” he said, repeating his assertion that the overspend had zero benefit to the team’s performance and providing details of what had happened.

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