Max Verstappen Aston Martin Lawrence Stroll Japan Sporting FIA Max Verstappen Aston Martin Lawrence Stroll Japan

Red Bull, Aston Martin breached F1 cost cap rules in 2021

channelnewsasia.com

LONDON: Formula One world champion Max Verstappen's Red Bull team breached last year's cost cap rules with a 'minor overspend', the governing FIA said in a statement on Monday (Oct 10).The team, set to win both 2022 titles after Verstappen secured his second driver's crown in Japan on Sunday, were also in procedural breach and risk a fine and unspecified 'minor sporting penalties'.The FIA reported Aston Martin, owned by Canadian billionaire Lawrence Stroll, were considered to have committed a procedural breach."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," it said in a statement.Breaches can attract a range of penalties from public reprimands and fines to a deduction of championship points and even exclusion from the championship in the case of a major overspend.Red Bull noted the findings "with surprise and disappointment".They said their 2021 submission was below the cost cap limit and they would consider all options while following the FIA process."We need to carefully review the FIA's findings as our belief remains that the relevant costs are under the 2021 cost cap amount," they added.The FIA said a procedural breach or minor overspend, amounting to less than 5 per cent of the cost cap, could be resolved with a settlement."If no agreement can be reached or the Cost Cap Administration considers it more appropriate, it can refer the case to the Cost Cap Adjudication Panel," it added.After a review of documentation submitted by each of the 10 competitors, seven teams were issued with certificates of compliance.The regulations were introduced last year to rein in runaway spending and level

Related News
Lewis Hamilton has told Formula 1's governing body, the FIA, that Red Bull must not escape breaking the financial rules with only "a slap on the wrist".
Newly acclaimed double world champion Max Verstappen has every right to enjoy celebrating his second drivers' championship success in relaxed Texan style this weekend. But, as he seeks to break another on-track individual record at the United States Grand Prix two weeks after his title triumph in Japan, his Red Bull team boss Christian Horner will be fired by two more serious ambitions. His first is to defend the Milton Keynes-based outfit's reputation amid claims that they 'cheated' on their way to powering Max Verstappen to his two consecutive drivers' title successes in 2021 and 2022.
Red Bull have been found guilty of a “minor” budget violationFormula One's governing body announced on Monday.
Heading into the Singapore Grand Prix weekend, it came to light that two teams were in breach of the 2021 Formula 1 budget cap. Though not confirmed, it was speculated that the guilty teams were Red Bull Racing and Aston Martin.
Formula One team Red Bull was found to have breached budget regulations last season, with the sport's governing body saying Monday it was guilty of "minor" overspending.

Latest News

Change privacy settings
This page might use cookies if your analytics vendor requires them.