After that Intense speculation that since the Singapore Grand Prix, two teams have spent over the €145m mark in 2021 in Formula 1The FIA, the governing body of motorsport, officially released its findings on Monday, confirming that all teams except Red Bull, Aston Martin and Williams met the standard.
FIA’s faith in Red Bull Exceeding the spending limit despite the team expressing confidence in financial presentation He rested comfortably below the limit he made last March.
Speaking at the recent Singapore Grand Prix, Red Bull team principal Christian Horner said:He believed his team followed the rules exactly..
“I am absolutely confident in our presentation”, aforementioned. Awaiting the verdict, which eventually found them guilty, Horner said, “It’s been through a process. It came in March in terms of full approval by our auditors, and we think we’re comfortably on the line.” said.
No known penalty yet, although specified in F1 regulations Various options as penalties for teams violating the cost cap. Penalties for a minor offense with less than 5% spending may include public reprimand, deduction of manufacturer or driver championship points, exclusion from events, aerodynamic testing limitations or a fine.
As reported by the federation itself, the appropriate action plan to be taken under the financial regulations regarding Aston Martin and Red Bull is currently being determined and Further information will be communicated in accordance with possible sanctions.
As is known, in the case of Aston Martin, There was no excessive expenseIt is understood that the team wanted to emphasize that it did not gain any competitive advantage. The procedural breach involved a set of administrative accounting protocols and the result of variations in complex normative interpretation.