SINGAPORE -- Red Bull team principal Christian Horner has hit back at claims his team exceeded the budget cap last season, saying such accusations are "extremely defamatory". The FIA is due to complete its analysis of the 2021 accounts of all ten teams next week to determine whether their spending fell in line with the financial regulations. Last year the regulations set a budget cap at $145 million, although there has been ongoing discussion between teams and the governing body over exactly which types of expenditure fall under the cap. Mercedes team principal Toto Wolff said the overspend of two teams, which he did not name, was an "open secret" in the F1 paddock and...
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