Aston Martin has confirmed with the FIA that it will soon announce results for the 2024 season over a minor procedural breach of Formula 1’s cost cap rules.
Aston Martin didn’t overspend, but Sky Sports News We understand that extenuating circumstances prevented the team from submitting accounts in time for the March 31 deadline.
There is no sporting penalty for the breach, but Aston Martin was forced to sign an Accepted Breach Agreement (ABA) with the FIA to acknowledge its mistakes during the submission process.
An FIA spokesperson said: “The FIA’s cost cap administration is in the process of finalizing its review of 2024 submissions from teams and powerplant manufacturers and the results are expected to be communicated shortly.
“The FIA does not comment on individual submissions from specific teams and/or powertrain manufacturers and, in line with established practice, the results of the review will be made public once the evaluation of all submissions has been completed and confirmed.”
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Craig Slater details exactly what Formula 1’s cost cap is and why it is used within the sport.
In 2021, Aston Martin was fined £388,000 for procedural breaches of budget caps because it “incorrectly excluded and/or adjusted costs from relevant cost calculations”. Williams was fined £20,000 in the same season for missing the deadline for submitting his accounts.
Last year, Formula 1 engine manufacturers Honda and Alpine were fined £462,000 and £308,000 respectively for breaching cost cap submission procedures.
The biggest budget cap controversy occurred when Red Bull was fined £6 million for breaching its 2021 budget cap of £1.86 million and had its wind tunnel time cut by 10% for the 2023 season.
Budget cap results for this season will be released next fall.
Sky Sports F1 Mexico City GP Schedule
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Take a look back at some of the most dramatic moments from the Mexico City Grand Prix.
Friday, October 24
7:00 PM: Mexico City GP Practice 1 (session starts at 7:30 PM)
9pm: F1 Show
10 PM: Team leader press conference
10:45 PM: Mexico City GP Practice 2 (session starts 11 PM)*
Saturday, October 25th
6.15pm: Mexico City GP Practice 3 (session starts at 6.30pm)
9pm: Preparing for Mexico City GP qualifying*
10pm: Mexico City GP Qualifying*
Sunday, October 26
6.30pm: Grand Prix Sunday: Mexico City GP strengthened*
8 p.m.: Mexico City Grand Prix*
10pm: Checkered flag: Mexico City GP reaction
*Applies to Sky Sports main event as well
Formula 1’s thrilling title race continues at the Autodromo Hermanos Rodriguez this weekend for the Mexico City Grand Prix, live on Sky Sports F1. Stream Sky Sports NOW – No Commitment, Cancel Anytime
