Following the announcement of Formula One team Red Bull’s $7m fin and a 10% reduction in aero testing hours for 12 months, the FIA announced the penalty for Aston Martin. The Silverstone based team were accused of procedural errors when the FIA revealed which teams had complied with the 2021 financial regulations.
Earlier this season Williams committed a procedural breach by filing its documents late to the FIA and received a $25,000 fine.
Both teams submissions adjusted by FIA
Both Red Bull and Aston Martin’s submissions were adjusted by the FIA for categorisation purposes or t include items the teams felt were outside the budget cap regulations.
In a statement issued on Friday morning, the FIA explained that Aston Martin had “inaccurately excluded and/or adjusted costs in the calculation of its relevant costs.”
These related to its new HQ, wind tunnel additional fees and costs relating to its new F1 simulator. However, even adjusted for these items Aston Martin remained within the budget cost cap.
Even so these administrative errors saw the FIA slap Aston with a $450,000 fine.
Red Bull however were deemed to have overspent by $2.2m and received a much harsher penalty.
The FIA said there was “no accusation or evidence” that Aston Martin had “sought at any time to act in bad faith, dishonesty or in a fraudulent manner” throughout the process.
🗣️ "Second is better than third." 😅
— Sky Sports F1 (@SkySportsF1) October 28, 2022