F1 News FIA releases F1 cost cap breach report with Red Bull and Aston Martin in violation
F1 News: FIA releases F1 cost-cap breach report with Red Bull and Aston Martin in violation Notifications New User posted their first comment this is comment text Approve Reject & ban Delete Logout
Teams in procedural breach: Aston Martin
Teams in procedural and minor overspend breach: Red Bull
Teams in compliance: Mercedes, Ferrari, McLaren, Alpine, AlphaTauri, Alfa Romeo, Williams, HaasTeams in procedural breach: Aston MartinTeams in procedural and minor overspend breach: Red Bull The official FIA report on the F1 cost-cap breach investigation reads: “The FIA confirms that its Cost Cap Administration has now completed the review of the Reporting Documentation submitted by each Competitor that participated in the 2021 FIA Formula One World Championship in respect of the 2021 Reporting Period ending on 31 December 2021.” The FIA Cost Cap Administration has issued certificates of compliance to seven of the ten competitors, stating: “Aston Martin Aramco Cognizant Formula One Team is considered to be in Procedural Breach of the Financial Regulations; Oracle Red Bull Racing is considered to be in Procedural and Minor Overspend Breaches of the Financial Regulations.” 'Teams in procedural and minor overspend breach of cost cap: Red Bull.'
Possible penalties below:'Teams in procedural and minor overspend breach of cost cap: Red Bull.'Possible penalties below: Williams was found to be in compliance with the financial regulations after having resolved the matter of the Procedural Breach earlier this year in May. The report stated: “Williams Racing has complied with the Financial Regulations in respect of the 2021 Reporting Period with the exception of a previous Procedural Breach (in regard to which the Cost Cap Administration entered into an ABA with Williams in May 2022. This Procedural Breach was then remediated by Williams in a timely, cooperative and transparent manner).” Penalty-wise, a minor overspend breach will either lead to an Accepted Breach Agreement between the FIA and Red Bull that will be published, or if Red Bull doesn't agree with the settlement (or the Cost Cap Administration chooses) the Cost Cap Adjudication Panel will decide Teams in compliance: Mercedes, Ferrari, McLaren, Alpine, AlphaTauri, Alfa Romeo, Williams, Haas
Teams in procedural breach: Aston Martin
Teams in procedural and minor overspend breach: Red Bull
Teams in compliance: Mercedes, Ferrari, McLaren, Alpine, AlphaTauri, Alfa Romeo, Williams, HaasTeams in procedural breach: Aston MartinTeams in procedural and minor overspend breach: Red BullPenalty-wise, a minor overspend breach will either lead to an Accepted Breach Agreement between the FIA and Red Bull that will be published, or if Red Bull doesn't agree with the settlement (or the Cost Cap Administration chooses) the Cost Cap Adjudication Panel will decide The FIA has not penalized Red Bull or Aston Martin for their breach of regulations so far, stating: “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.”
Max Verstappen s 2021 title safe as FIA releases F1 cost-cap breach report
Race winner and 2021 F1 World Drivers Champion Max Verstappen celebrates with his team after the F1 Grand Prix of Abu Dhabi at Yas Marina Circuit on December 12, 2021. (Photo by Bryn Lennon/Getty Images) After the matter, the FIA has released the F1 cost-cap breach report for the 2021 season. While the FIA has not levied any penalties yet, the results of the investigation have seemingly ensured that remains secure. According to the report, Red Bull have been found guilty and are considered to be in "Procedural and Minor Overspend Breaches of the Financial Regulations". Meanwhile, Aston Martin is in "Procedural Breach of the Financial Regulations". All other teams reportedly functioned in compliance with the regulations in the 2021 F1 season. Teams in compliance: Mercedes, Ferrari, McLaren, Alpine, AlphaTauri, Alfa Romeo, Williams, HaasTeams in procedural breach: Aston Martin
Teams in procedural and minor overspend breach: Red Bull
Teams in compliance: Mercedes, Ferrari, McLaren, Alpine, AlphaTauri, Alfa Romeo, Williams, HaasTeams in procedural breach: Aston MartinTeams in procedural and minor overspend breach: Red Bull The official FIA report on the F1 cost-cap breach investigation reads: “The FIA confirms that its Cost Cap Administration has now completed the review of the Reporting Documentation submitted by each Competitor that participated in the 2021 FIA Formula One World Championship in respect of the 2021 Reporting Period ending on 31 December 2021.” The FIA Cost Cap Administration has issued certificates of compliance to seven of the ten competitors, stating: “Aston Martin Aramco Cognizant Formula One Team is considered to be in Procedural Breach of the Financial Regulations; Oracle Red Bull Racing is considered to be in Procedural and Minor Overspend Breaches of the Financial Regulations.” 'Teams in procedural and minor overspend breach of cost cap: Red Bull.'
Possible penalties below:'Teams in procedural and minor overspend breach of cost cap: Red Bull.'Possible penalties below: Williams was found to be in compliance with the financial regulations after having resolved the matter of the Procedural Breach earlier this year in May. The report stated: “Williams Racing has complied with the Financial Regulations in respect of the 2021 Reporting Period with the exception of a previous Procedural Breach (in regard to which the Cost Cap Administration entered into an ABA with Williams in May 2022. This Procedural Breach was then remediated by Williams in a timely, cooperative and transparent manner).” Penalty-wise, a minor overspend breach will either lead to an Accepted Breach Agreement between the FIA and Red Bull that will be published, or if Red Bull doesn't agree with the settlement (or the Cost Cap Administration chooses) the Cost Cap Adjudication Panel will decide Teams in compliance: Mercedes, Ferrari, McLaren, Alpine, AlphaTauri, Alfa Romeo, Williams, Haas
Teams in procedural breach: Aston Martin
Teams in procedural and minor overspend breach: Red Bull
Teams in compliance: Mercedes, Ferrari, McLaren, Alpine, AlphaTauri, Alfa Romeo, Williams, HaasTeams in procedural breach: Aston MartinTeams in procedural and minor overspend breach: Red BullPenalty-wise, a minor overspend breach will either lead to an Accepted Breach Agreement between the FIA and Red Bull that will be published, or if Red Bull doesn't agree with the settlement (or the Cost Cap Administration chooses) the Cost Cap Adjudication Panel will decide The FIA has not penalized Red Bull or Aston Martin for their breach of regulations so far, stating: “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.”