FIA: All teams stayed under budget cap in 2022

All teams under budget cap in 2022

Earlier, there were rumours that three teams would have overspent during the 2022 season and thus failed to stay under the budget cap. However, the FIA is now revealing that this is not the case and reports that all teams complied nicely.

"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 2022 FIA Formula One World Championship in respect of the 2022 Full Year Reporting Period ending on 31 December 2022. The FIA Cost Cap Administration has issued certificates of compliance to all of the ten Competitors."

"The review has been an intensive and thorough process, beginning with a detailed analysis of the documentation submitted by the competitors. Additionally, there has been an extensive check of any non-F1 activities undertaken by the teams, which comprised multiple on-site visits to team facilities and careful auditing procedures to assess compliance with the Financial Regulations. The FIA Cost Cap Administration notes that all Competitors acted at all times in a spirit of good faith and cooperation throughout the process", adds the FIA.

Red Bull above budget cap in 2021

While Red Bull were the only team to overspend in 2021 and receive a sporting penalty, Williams and Aston Martin were also fined for procedural breaches. The Austrian racing team was punished for this, including a fine of seven million dollars - the second highest fine ever in F1 - and a reduction of ten percent on the use of the CFD tools and the wind tunnel. This year, all teams have avoided such a penalty.