© LAT Images for Mercedes-Benz Grand Prix Ltd
Sky Sports News reports that the FIA detected only ‘minor’ breaches of the 2021 budget cap, and no F1 team is set to “face severe punishment”.
While the whole Formula 1 world is waiting for the FIA to announce the official results of their assessment of the 2021 financial data submitted by all Formula 1 teams, Sky Sports News reports that only ‘minor’ breaches of the budget cap have been detected.
This comes amid rumours that overspending has been detected at Red Bull and Aston Marting.
“No Formula 1 team is set to face severe punishment for breaking budget cap regulations last season after only ‘minor’ breaches were made,” Sky Sports News say they learned.
“Every F1 team that complied with the 2021 budget cap regulations – set at $145m – is expected to receive a certificate of compliance on Wednesday.
If you like SilverArrows.Net, consider supporting us by buying us a coffee!
“The budget cap applied to money spent on car developments and performance, but not to some big-ticket items, such as drivers’ salaries, marketing costs, logistics, travel and legal costs.
“Sky Sports News understands only “minor” breaches of the cap have been made, which is an overspend of less than five per cent and would carry less severe penalties.
“Possible sanctions include the deduction of constructors’ and drivers’ championship points and a suspension from one or more stages of a competition.
“Limitations on the team’s ability to conduct aerodynamic or other testing, or a reduction in their overall cost cap going forward are also options,” Sky Sports News concluded.
