- Max Verstappen’s team could face a fine and ‘minor sporting penalties’.
- Aston Martin is owned by Canadian billionaire Lawrence Stroll.
- This year’s cap has been lowered from $145 million to $140 million. Next season, it will be $135 million.
The FIA said in a statement on Monday that world champion Max Verstappen’s Red Bull team broke last year’s cost cap rules with a “minor overspend.”
After Verstappen won his second driver’s title in Japan on Sunday, the team was set to win both 2022 titles. However, they broke a rule and could face a fine and “minor sporting penalties.”
The FIA said that Aston Martin, which is owned by Canadian billionaire Lawrence Stroll, did not follow the rules.
“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.
When rules are broken, teams can get public reprimands, fines, championship points taken away, or even be kicked out of the championship if they spend too much.
Red Bull was “surprised and disappointed” by what they found.
They said that their plan for 2021 was less expensive than the cost cap, and that they would look at all options while following the FIA process.
“We need to carefully look over the FIA’s findings because we still think that the relevant costs are below the cost cap amount for 2021,” they said.
“If there can’t be an agreement or the Cost Cap Administration thinks it would be better, it can send the case to the Cost Cap Adjudication Panel,” it said.
After looking at the paperwork that each of the 10 competitors turned in, certificates of compliance were given to seven of the teams.
The rules were put in place last year to stop spending from getting out of hand and to level the playing field. This year, the cap has been lowered from $145 million to $140 million. Next season, it will be $135 million.
Williams was in compliance, except for a procedure violation that had already been reported and was fixed with a $25,000 fine in May of this year. go to site
After a lot of talk in the Formula One paddock that one or more teams had spent more than allowed, and maybe even a lot more in one case, the announcement came on Monday.
Mercedes and Ferrari, two of Red Bull’s main rivals, both said that if they broke the rules, they would get an advantage for this season and the next. The repercussions were huge and needed to be fixed.
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