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Latest F1 news about: Financial

1

Full FIA report on Red Bull F1 cost cap breach and penalty

over 3 years ago

from: Autosport.com

( 1030 views )

Here is the FIA's report in full:An Accepted Breach Agreement ("ABA") dated 26 October 2022 has been entered into by the Cost Cap Administration and Red Bull... read more »

1

FIA hands Red Bull $7m fine, aero testing reduction for cost cap breach

over 3 years ago

from: Autosport.com

( 1755 views )

The FIA revealed after the Japanese Grand Prix that both Red Bull and Aston Martin were in breach of F1's financial regulations for 2021, putting them at risk of... read more »

3

Red Bull's budget cap penalty to be revealed on Friday

over 3 years ago

from: EspnF1.com

( 827 views )

The budget cap row that has hung over Formula One for the last three races will finally come to a head on Friday, with the FIA set to announce Red Bull's punishment for... read more »

35

Red Bull sporting penalty demanded in "crucial" FIA budget cap ruling

over 3 years ago

from: GPfans.com

( 1199 views )

Alfa Romeo team principal Fred Vasseur has deemed it "crucial" that Red Bull is handed a sporting penalty and not just a financial sanction for its budget cap breach. read more »

1

Hamilton welcomes F1's female support series, but wants greater diversity push

over 3 years ago

from: Autosport.com

( 1030 views )

Hamilton addressed the subject of encouraging female racing drivers in Austin on Thursday, suggesting that the F1 organisation could do more to save the W Series, which is... read more »

1

Aston Martin close to agreeing F1 cost cap penalty with FIA

over 3 years ago

from: Autosport.com

( 1001 views )

The team was named recently by the FIA alongside Red Bull Racing and Williams as having failed to fully comply with the 2021 financial regulations.However while Red Bull was... read more »

11

Dietrich Mateschitz: Red Bull punishment for breaking F1 rules delayed after co-owner death

over 3 years ago

from: BBC.co.uk/F1

( 866 views )

Red Bull's punishment for breaking Formula 1's financial rules is on hold following the death of the team's co-owner Dietrich Mateschitz. read more »

1

Steiner calls for F1 budget cap rules rethink for minor overspends

over 3 years ago

from: Autosport.com

( 1133 views )

The FIA announced last week that Red Bull was deemed to have breached the $145 million budget cap last year, something the team has strongly denied.The findings from the... read more »

15

F1 reportedly working to form all-new female racing category

over 3 years ago

from: MotorSportWeek.com

( 1415 views )

Formula 1 is currently working on forming an all-new racing category, open exclusively for female drivers to provide them with a pathway to top-level racing. The news comes... read more »

35

Perez warns Red Bull "facts will come out"

over 3 years ago

from: GPfans.com

( 781 views )

Sergio Perez has warned "the facts will come out" while backing Red Bull after the team was judged to have breached the F1 financial regulations. read more »

9

Alonso on Red Bull: "They won by exploiting a grey area"

over 3 years ago

from: Crash.Net

( 1051 views )

Fernando Alonso has remembered losing two title battles to Red Bull's Sebastian Vettel and insisted that financial disputes have "always been a part of F1". read more »

3

Budget cap breach amounts to cheating - McLaren boss Zak Brown

over 3 years ago

from: EspnF1.com

( 1100 views )

Formula One teams who spend more than allowed by the rules are effectively cheating and should face stiff sporting and financial penalties, McLaren boss Zak Brown wrote to FIA,... read more »

15

Brown: Financial penalty not enough for F1 budget cap breach

over 3 years ago

from: MotorSportWeek.com

( 788 views )

McLaren CEO Zak Brown is reported to have sent a letter to the FIA in which he has called for a penalty that is more severe than a fine for teams that exceeded Formula 1’s... read more »

9

Mercedes prepared to overspend if Red Bull aren't punished for minor breach

over 3 years ago

from: Crash.Net

( 1016 views )

Mercedes boss Toto Wolff says his team are prepared to overspend if Red Bull aren't punished severely for their minor breach of F1's financial regulations. read more »

3

W Series cancels three remaining races due to financial difficulties

over 3 years ago

from: EspnF1.com

( 1053 views )

The all-woman W Series cancelled its remaining three races in the United States and Mexico for financial reasons on Monday and declared Britain's Jamie Chadwick champion... read more »

9

F1 cost cap rules 'need tightening up', penalty must "hurt" - Brundle

over 3 years ago

from: Crash.Net

( 1023 views )

Martin Brundle says F1's cost cap rules need "tightening up" after Red Bull were found guilty of breaking the 2021 financial regulations.  read more »

6

Red Bull found to have exceeded 2021 buget cap

over 3 years ago

from: F1Technical.net

( 2725 views )

The FIA have announced that two teams have breached the 2021 Financial Regulations. Following a thorough investigation and amidst big rumours during the Singapore Grand Prix,... read more »

1

Red Bull 'surprised, disappointed' at F1 cost cap breach verdict

over 3 years ago

from: Autosport.com

( 2371 views )

After some delay, the FIA announced on Monday afternoon that Red Bull had breached F1's financial regulations with a "minor overspend" of the $145m dollar 2021... read more »

1

What happens now with F1's cost cap rule breakers?

over 3 years ago

from: Autosport.com

( 1226 views )

But rather than this being the end of a process that has already been under the spotlight for a while, what happens next is potentially more intriguing as the governing body... read more »

15

Red Bull express ‘surprise’ over F1 budget cap breach

over 3 years ago

from: MotorSportWeek.com

( 805 views )

The Red Bull Formula 1 team remains confident that it didn't overspend last year's $145 million budget cap, stating it is "surprised" by the FIA's... read more »

15

Alonso: FIA trust ‘very high’ as cost cap report looms

over 3 years ago

from: MotorSportWeek.com

( 838 views )

Fernando Alonso says that he has 'no doubts' about his trust in Formula 1's governing body amid the current speculation of certain teams breaching the financial... read more »

15

Russell: Punishment for F1 cost cap breach should be ‘straightforward’

over 3 years ago

from: MotorSportWeek.com

( 1026 views )

George Russell has had his say on the current cost cap debacle, stating that he trusts the FIA to 'bring in an appropriate punishment' if a team is proven to have... read more »

1

2021 Mercedes financial numbers reflect "painful" F1 cost cap

over 3 years ago

from: Autosport.com

( 1907 views )

The overall spending of Mercedes-Benz Grand Prix Limited fell from £324.9m in 2020 to £297.4m last year, despite the calendar being extended from 17 to 22 races as the impact... read more »

1

Brown: "Critically important" F1 cost cap must be policed like technical rules

over 3 years ago

from: Autosport.com

( 1248 views )

The FIA has been completing its audit of each F1 team's financial submission for the 2021 season in recent months, judging if each outfit complied with the $145 million... read more »

5

FIA delays results of financial analysis until Monday

over 3 years ago

from: Pitpass.com

( 789 views )

Citing a "long and complex process" the FIA will not now release details of its analysis of the teams' financial submissions until Monday 10 October. read more »