Tipster profile image
Sports Editor authorBadge
Last Updated:

2 min read

All teams were under the cost cap for 2022, says FIA
google news logo Follow us
Add comment
The matter the cost cap allegation has finally been settled

The governing body of Formula 1 has released a statement, claiming all of the 10 teams complied with the cost cap regulation for the 2022 season.

The bar has been $140m and every team has received a certificate for going below that mark.

The FIA made extensive checks and was glad with the results as every team was cooperative in the spirit of good faith.

The news has finally ended the speculations, circulating in the paddock that at least one team had broken the cost cap for 2022.

Red Bull have been given a $7m fine and a 10% reduction in permitted aerodynamic research for breaching the cost cap for 2021 by $1.86m.

There was particular concern about whether teams might be able to hide expenditure on F1 by claiming it was money used by other parts of the business.

As Red Bull have dominated the 2023 season, winning all of the races so far, many have suggested that the Milton Keynes team might have crossed the line once again, but no foul play of such kind has been found.