F1 cost cap

The FIA has announced that all 10 teams have been found to be in compliance with the 2022 F1 cost cap regulations. 

F1 teams are expected to receive the verdict from the FIA’s cost cap investigation for the 2022 season by the “beginning of September”, according to Ferrari boss Frederic Vasseur.

Ferrari boss Frederic Vasseur has described Red Bull’s penalty for breaching F1’s financial regulations in 2021 as “a big joke”.

F1 should alter the cost cap to make it easier to understand team spending and stop the sport’s best talents moving into other industries, according to Sky Sports commentator David Croft. 

George Russell has called on the FIA to hand out harsher penalties to “second-time offenders” amid speculation that three F1 teams have fallen foul of the financial rules for 2022.

After a number of reports claimed that three F1 teams had breached the cost cap for 2022, Sky Sports’ David Croft explained why it’s still “too early” to truly know.

Lewis Hamilton has dismissed suggestions that Red Bull have been affected by their breach of the F1 cost cap.

Christian Horner has taken a swipe at Mercedes, stating that they’re no closer to challenging Red Bull despite using “a significant proportion of their development budget” on their recent F1 upgrade.

McLaren boss Zak Brown has urged F1 to make changes to its current cost cap regulations to allow for greater investment in sustainability.

Red Bull boss Christian Horner says it is “premature” for Ferrari to claim that his team’s punishment for breaking the F1 cost cap was not severe enough. 

Helmut Marko has warned Red Bull’s F1 rivals that they’ve not “sacrificed” next year’s car as the team serves their cost cap penalty.

F1 CEO Stefano Domenicali has called on the FIA to deliver quicker verdicts over whether teams have adhered to the cost cap or not.

Red Bull team principal Christian Horner admits the F1 cost cap penalty his team received has “significantly” limited development of their 2023 car. 

Mercedes and Red Bull have been accused of exploiting “loopholes” within the F1 cost cap regulations in order to keep hold of staff. 

FIA president Mohammed Ben Sulayem says some F1 teams wanted Red Bull to be “hanged” as harsher punishment for their breach of the cost cap.

Red Bull had a “target on our backs” in F1 2022 due to their success amid off-track controversies, according to team principal Christian Horner. 

Red Bull believe as many as six teams could fail to stay under the 2022 F1 cost cap. 

Max Verstappen was “boycotting” interviews with Sky Sports at the F1 Mexico City Grand Prix due to comments from their journalist, Ted Kravitz, according to reports.

Mercedes believe Red Bull describing their penalty for breaching the F1 cost cap as ‘draconian’ is an “exaggeration”. 

Ferrari say they are “not happy” with the size of Red Bull’s penalty for breaking the F1 cost cap, describing it as “very limited”. 

Red Bull have been hit with a $7m fine and a 10 percent reduction in aero testing for 2023 as punishment for breaking F1’s cost cap regulations. 

Red Bull have reportedly reached an agreement with the FIA after breaching the F1 cost cap, with details expected to be revealed on Friday. 

Christian Horner claimed that Red Bull’s breach of the F1 cost cap amounted to approximately “a couple of hundred thousand dollars” - this is why.

Toto Wolff sarcastically claimed he almost cried “a tear” after hearing Christian Horner’s defence of Red Bull over the budget row.