Ahead of the Japanese Grand Prix, where Max Verstappen finally and with suspense won his two-time Formula 1 championship, the publication of an FIA report on a possible violation of the financial regulations for the category has put everyone on the alert. This was revealed on Monday by the governing body of the highest category of world motor sports two teams have exceeded the budget limit, although penalties will be confirmed later.
According to the FIA, which released the results of a cost cap investigation five days after the initial announcement, Aston Martin is in “Procedure Violation”.
For its part, Red Bull, Verstappen’s team, has committed a procedural violation e small financial overspend (less than 5% of the spending limit). So is the stock at risk? crazy max?
For this we will have to wait, because the FIA has clarified: “The cost cap administration is currently determining the appropriate course of action to be taken under the financial regulations against Aston Martin and Red Bull and further information will be disclosed under the regulations.”.
However, he indicated that “procedural infringements and minor infringements for overspending can lead to minor financial and / or sporting sanctions“.
Additionally, Williams was found to have committed a procedural infringement in May 2022 which the team subsequently rectified by “timely, collaborative and transparent way”.
The complete statement
“Reviewing the submitted reporting documentation was an intense and comprehensive process and all competitors were of great help in providing the information needed to assess their financial situation during this first year of settlement. The FIA notes that all competitors have always acted in a spirit of good faith and cooperation throughout the process “.
“The FIA is also keen to clarify that with regard to this first year of application of the Financial Regulations, the intervention of the FIA Cost Limit Administration was limited to the review of the requests made by competitors and that no investigations have been initiated. Complete formalities”.
“The FIA Cost Cap Administration is currently determining the appropriate course of action to be taken under the Financial Regulation towards Aston Martin and Red Bull and further information will be disclosed in accordance with the regulation.”
“Procedural infringements and minor infringements due to overspending may result in financial penalties and / or fewer sporting penalties”.
Source: Clarin
