All 10 Formula One teams in compliance with 2022 cost cap

LONDON – All Formula One teams were in compliance with cost cap restrictions last year, the sport's governing body said on Tuesday.

Media reports in Italy and Germany, dismissed at the time by the International Automobile Federation (FIA), had suggested in July that at least two of the 10 teams could be in breach of the 2022 cap of $140 million and face stiff punishment.

The FIA confirmed there had been no breaches.

"The FIA Cost Cap Administration has issued certificates of compliance to all of the 10 competitors," it said in a statement.

Current champions Red Bull were fined $7 million and their wind tunnel time reduced by 10% for a 'minor overspend' in 2021, the first year of the restrictions. Aston Martin were also fined $450,000 for a procedural breach.

Formula One’s governing body, the FIA, has announced that all 10 teams were under the cost cap for the 2022 season and there were no rule breaches.

In one of last year’s biggest controversies, Red Bull was revealed to have breached the 2021 budget cap.https://t.co/dPDl6iQ65o

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"The review has been an intensive and thorough process, beginning with a detailed analysis of the documentation submitted by the competitors," said the FIA.

"Additionally, there has been an extensive check of any non-F1 activities undertaken by the teams, which comprised multiple on-site visits to team facilities and careful auditing procedures to assess compliance with the Financial Regulations."

The FIA said all teams had "acted at all times in a spirit of good faith and cooperation throughout the process".

Red Bull's punishment last year was criticised by some rivals as not tough enough, with Ferrari boss Fred Vasseur last month describing it as "a big joke" and calling for sporting penalties.

"A penalty like last year really isn’t severe," the Frenchman said then. "A technical advantage will translate into a sporting advantage."

Red Bull won both titles last year and are enjoying a dominant period with double world champion Max Verstappen taking his 10th win in a row last weekend in Italy and the team now unbeaten in 15 races.

The cost cap was introduced to rein in spending and level the playing field between the big teams and smaller outfits.

Reuters