Red Bull confirm FIA cost cap talks ‘on hold’ after death of Dietrich Mateschitz

Henry Valantine
Red Bull driver Max Verstappen during a practice session. Austin, October 2022.

Red Bull's Max Verstappen during the third practice of the United States Grand Prix. Austin, October 2022.

Red Bull have said their talks with the FIA surrounding their cost cap breach have been put “on hold” as they mourn the loss of team co-founder and owner Dietrich Mateschitz.

News of Mateschitz’s passing was confirmed in Austin in the hour before qualifying on Saturday, with the Red Bull and AlphaTauri owner having died aged 78 after a lengthy illness.

Team staff members were all called into Red Bull’s motorhome ahead of qualifying to be informed of the news before it was made public, and talks between senior FIA figures and the team had been taking place in Austin as they decide upon a punishment for their ‘minor overspend breach’ of the 2021 cost cap.

These conversations will be delayed for the time being, however.

A statement from the team confirmed: “Following the passing of Mr Mateschitz, all conversations with the FIA around Cost Cap and next steps are on hold until further notice.

“The deadline for agreement has been extended and we expect talks to pick back up [in the] middle of the week.”

Tributes from the world of Formula 1 and beyond have poured in for the Red Bull co-founder after his passing, with Daniel Ricciardo saying he was “one of thousands” of athletes Mateschitz helped over the course of his career.

Teams, drivers and pundits alike have also offered their words of condolence, with Red Bull team principal Christian Horner writing on his Instagram account: “Thank you Dietrich.

“What you have done, for so many people is beyond comprehension. Your integrity, passion, vision, drive, support and humour will never be forgotten.

“So many people owe you so much, no one more than me.

“You’ve been there on the good days and the bad. Your support has been unwavering to achieve what was perceived to be unachievable.

“You are a giant of a man and your spirit will live on forever, not just in this Team, Formula 1 but throughout the world for all the lives you have influenced and the opportunities you have provided.

“We will miss you dearly, but your legacy will always live on within Red Bull and your Team.”

Horner denies the team breached budget regulations, saying he was “appalled” at accusations of cheating levelled at him and the team in a letter written to the FIA by McLaren CEO Zak Brown.