The FIA has announced Aston Martin’s penalty for violating Formula 1’s Financial Regulations during the 2021 season.
The team was found to have committed a “procedural” violation of the rules after it submitted its 2021 expenditure in March this year. Red Bull was found to have done the same, but unlike it Aston Martin was also deemed to have exceeded last year’s $145 million spending cap.
The FIA found Aston Martin had incorrectly excluded or adjusted 12 separate costs in its 2021 expenditure submission. It fined Aston Martin $450,000 (£388,000). The team must pay the fine within 30 days also cover the costs involved in the Cost Cap Ammonisation’s work.
The FIA noted “there is no accusation or evidence that AMR [Aston Martin Racing] has sought at any time to act in bad faith, dishonest[l]y or in a fraudulent manner […] nor has it wilfully concealed any information from the Cost Cap Administration and […] that AMR did not gain or seek to gain any advantage from the inaccurate exclusions or adjustments of certain costs.”
It is the third team to be penalised under F1’s Financial Regulations, which were introduced last year. Red Bull was fiend $7 million and given a cut in its wind tunnel development time for a more serious breach. Williams was fined $20,000 for a procedural error when it missed a deadline to supply one of its documents in March.
Aston Martin finished seventh in the 2021 constructors championship, ahead of Williams, Alfa Romeo and Haas.
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FIA statement on Aston Martin’s budget cap penalty
AMR Public Summary ABA / Article 6.32
An Accepted Breach Agreement (“ABA”) dated 25 October 2022 has been entered into by the Cost Cap
Administration and AMR GP Limited (“AMR”) pursuant to Article 6.28 of the FIA Formula 1 Financial
Regulations (“Financial Regulations”). The Financial Regulations are issued by the FIA and form part of
the terms and conditions of participation in the FIA Formula One World Championship.
The Cost Cap Administration recognised that: (a) notwithstanding the CCA’s determination of Procedural
Breach, AMR’s Relevant Costs during the 2021 reporting period were below the 2021 Cost Cap; (b) AMR
has acted cooperatively throughout the review process and has sought to provide additional information
and evidence when requested in a timely manner; (c), that this is the first year of the full application of
the Financial Regulations which are a very complex set of…
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