FIA announces cost cap breaches by two teams

The FIA has announced that two teams have breached the 2021 Financial Regulations, as they announce their review into the regulations.

According tot the FIA, who released their findings into a cost cap investigation on Monday, Aston Martin are in ‘Procedural Breach’ and Red Bull have committed a Procedural Breach and a Minor Financial Overspend (less than 5% of the cost cap) according to the FIA.

Williams were found to have made a Procedural Breach on May 2022, that the team then rectified in a “timely, cooperative and transparent manner”.

Procedural Breaches and Minor Overspend Breaches can result in a financial penalties and/or minor sporting penalties. The following could be penalties for Red Bull-

  • Public reprimand
  • Deduction of Constructors’ Championship points awarded for the Championship that took place within the Reporting Period of the breach.
  • Deduction of Drivers’ Championship points awarded for the Championship that took place within the Reporting Period of the Breach.
  • Suspension from one or more stages of a Competition or Competitions, excluding for the avoidance of doubt the race itself.
  • Limitations on ability to conduct aerodynamic or other testing; and/or reduction of the Cost Cap provided that the reduction specified shall only be applied with respect to the year following the punishment being handed out.

The review of the Reporting Documentation submitted has been an intensive and thorough process, and all Competitors gave their full support in providing the required information to assess their financial situation during this first year of the Financial Regulations. The FIA Cost Cap Administration notes that all Competitors acted at all times in a spirit of good faith and cooperation throughout the process. The FIA would also note that with respect to this first year of the application of the Financial Regulations the intervention of the FIA Cost Cap Administration has been limited to reviewing the submissions made by the Competitors and that no full formal investigations were launched. The FIA Cost Cap Administration is currently determining the appropriate course of action to be taken under the Financial Regulations with respect to Aston Martin and Red Bull and further information will be communicated in compliance with the Regulations.

The FIA on the findings.

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