Red Bull and Aston Martin have been found in breach of Formula 1 financial rules, the motor sports governing body (FIA) announced on Monday, saying any punishment would be decided at a later date. 🚗formula1
The third exception was Williams, where there had been a problem with “a previous procedural breach” which the team had “remediated” in a “timely, cooperative and transparent manner”.The statement stressed that because the season under review was the first with a cost cap, the FIA had limited itself “to reviewing the submissions made by the competitors and that no full formal investigations were launched.
The statement said that the first option for the Cost Cap Administration was to agree a settlement with the team involved.The cost cap is intended to limit spending to make the sport viable and also to close the competitive gap between teams. The statement added that “the regulations are highly complex, reflecting the complexity of the sport as a whole.”
It also said that all the teams “acted at all times in a spirit of good faith and cooperation throughout the process”.","category_class":"child-of-motoring","time_ago":"12 hours ago","premium":false,"gallery":false,"excerpt":"Pending sanctions for overspending in 2021 can still take the smiles off Red Bull faces.
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