SportF1F1 - Full FIA ruling on cost cap and...

F1 – Full FIA ruling on cost cap and Red Bull

The full ruling from the FIA on Red Bull’s cost cap overrun in F1 2021:

The FIA confirms that its Cost Limits Administration has already completed the review of the Documentation of the Reports submitted by each of the competitors that participated in the Formula 1 World Championship in 2021 in respect of the reporting period of that same year that It ended on December 31, 2021.

The FIA Cost Limits Administration has issued certificates of compliance to seven of the ten competitors, with the exception of:

  • Aston Martin, is considered to have breached the Financial Regulation procedure.
  • Red Bull Racing, is deemed to have breached procedures and to have incurred minor expenditures in excess of the Financial Regulations.
  • Williams has complied with the 2021 Financial Regulations, with the exception of one procedural filing violation (regarding which the Cost Cap Administration signed an ABA with Williams in May 2022. That procedural violation was remedied by Williams in a timely, cooperative and transparent manner).

The review of the documentation presented has been an intensive and exhaustive process, and all the competitors offered their support to provide the information required in order to be able to evaluate their financial situation during this first year of the Financial Regulation.

The FIA Cost Limit Administration notes that all competitors acted at all times in a spirit of good faith and cooperation throughout the process.

The FIA also points out that, with regard to this first year of application of the Financial Regulations, the intervention of the FIA Cost Limits Administration has been limited to reviewing the submissions made by competitors, without making more complete investigations.

The FIA Cost Cap Administration is currently determining the actions to be taken under the Financial Regulations in respect of the Aston Martin and Red Bull infringements and further information will be provided in accordance with the Regulations.

Christian Horner, director del equipo Red Bull Racing, llega a la pista

Christian Horner, Red Bull Racing Team Principal

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