Motorsport: Red Bull investigated for overspending

Officials are investigating whether reigning Formula 1 champions Red Bull overspent last season according to the BBC.

Formula 1 teams' umbrella group Fota is to investigate allegations that teams may have overspent.

Rivals are accusing Red Bull of breaking the Resource Restriction Agreement (RRA), an agreement which puts limits on staff, spend and resources.

The RRA was drafted by the teams in 2009 as a way of keeping costs under control. It defines a series of limits on staffing, external spend and aerodynamic development, and a sliding scale of punishment.

Red Bull team principal Christian Horner has denied breaking the RRA.

"We've worked in accordance with the RRA limits since they were introduced," Horner told BBC Sport. "With tremendous hard work and internal efficiencies, we believe we've absolutely adhered to it," he told the BBC.

"Red Bull has committed its budgets wisely and it's obviously surprising that people will feel that way, but it's inevitable, I guess, when you're at the front and winning races."

- NEWSTALK ZB/Herald online