Formula 1: Red Bull to pay $8.4m to take part in 2023 season after $9.5m fine for budget cap breach

December 10, 2022 5:18 PMLONDON – Fined US$7 million (S$9.47 million) in October for breaching the 2021 budget cap, Formula One champions Red Bull must now pay the sport’s governing body another tidy sum – this time as the price of success.