All teams complied with F1 cost cap in 2022

The FIA has confirmed that all ten teams complied with the financial regulations in 2022 and have been handed their relevant certificates.

In the first year of the cost cap, Red Bull and Aston Martin were penalized for breaches, with Williams also cited for the late reporting of its accounts. However, with a year’s experience of the new regulations, all teams have come in under the cost cap up for the reporting period ending 31 December 2022, despite the FIA focusing on non-F1 aspects to ensure there was no hidden work being undertaken.

“The review has been an intensive and thorough process, beginning with a detailed analysis of the documentation submitted by the competitors,” the FIA reported. “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 Cost Cap Administration notes that all competitors acted at all times in a spirit of good faith and cooperation throughout the process.”


In addition, the FIA has announced that it has expanded the Cost Cap Administration and will continue to do so moving forward to make the process as robust as possible.

“The FIA also notes that the Financial Regulations are essential to the long-term financial stability of the sport, and that they will continue to be developed and refined based on the findings of each review process both in terms of the regulations themselves, which are written and approved under the FIA Formula 1 governance process, and the way in which they are enforced and policed. The FIA has made and will continue to make significant investments in this department for the collective benefit of the sport.”

Story originally appeared on Racer