'FIA set to publish press statement on budget cap before Red Bull'

On the Friday afternoon of the Mexican Grand Prix, speculation about Red Bull Racing exceeding its budget cap and the possible punishment involved appears to be coming to an end. The FIA will reportedly release more at 9 AM local time.

FIA releases press statement at 9 AM

For over a month, the F1 world has been gripped by the budget cap situation. The cap would have been exceeded by Red Bull and Aston Martin went through a procedural error. As communication from the FIA was very slow and unclear, tempers ran high between the teams. Competitors of Red Bull accused Max Verstappen's team of foul play. It seems fairly certain that speculation will end in Mexico.

Indeed, team boss Christian Horner will speak to the press at 11:30 AM time about the budget cap, which is expected to have been agreed upon between the FIA and Red Bull. The usually well-informed Italian branch of Motorsport.com now reports that even before Red Bull's press briefing, the FIA will schedule a press briefing at 09:00 local time. That means it is expected that it will become clear to what extent Red Bull has exceeded the ceiling and what its penalty will be. It is likely that this penalty will include a fine and a deduction from wind tunnel time.