Autobayng News Team
The FIA has announced Aston Martin committed a “very minor” breach of the cost cap regulations in 2024.
Contrary to reports elsewhere, no other team was found to have broken F1’s financial rules last season. The FIA stated Aston Martin’s nine rival teams were judged to have complied with the rules, as did all five power unit manufacturers.
Significantly, Aston Martin did not exceed the spending limit. The FIA confirmed the breach involved a missing signature from their Full Year Reporting Documentation.
The missing signature from the auditors of Aston Martin’s finances “was added at the earliest possible opportunity,” noted the FIA. Aston Martin accepted the error meant they had failed to submit their cost cap documentation on time.
The FIA decided not to penalise Aston Martin for the breach and only require the team to pay the cost of producing the Accepted Breach Arrangement decision.
“Based on the specific circumstances of this case, and taking account of the mitigating factors outlined above, the Cost Cap Administration has determined that sufficient mitigating factors exist to justify the imposition of no sanction under Articles 6.28 and 8.3(a) of the Financial Regulations,” said the FIA in a statement.
“Notwithstanding the above, AMR shall bear the costs incurred by the Cost Cap Administration in connection with the preparation of the present ABA, in accordance with Article 6.29 (d).”
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This is the second time Aston Martin have been found in breach of the cost cap regulations. Two other teams and two engine manufacturers have also previously been penalised for violations of the rules.
Red Bull received the largest penalty for exceeding the budget cap limit during the 2021 season. The breach came to light the following year. The FIA found Red Bull overspent by £1.86 million and fined the team £6.06m – a sum which was excluded from the budget cap. The FIA also imposed a 10% reduction in Red Bull’s wind tunnel development time in 2023.
Aston Martin’s breach the same year was procedural rather than an over-spend and the FIA fined the team £388,000. Williams were also fined £19,960 for submitting their paperwork late in the first season the budget cap was enforced.
Last year two engine manufacturers were fined for procedural errors in their submissions under the power unit cost cap. Honda paid $600,000 and Alpine $400,000.
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