1 month ago
PlanetF1
Formula 1 CEO Stefano Domenicali has admitted he is “more than nervous” about how the sport’s reputation may be affected in future, if another team breaches the sport’s budget cap. Red Bull were found guilty of a ‘minor overspend breach’ of the 2021 budget cap after the teams’ spending was fully collated last year, with an overspend of around £1.8m for the season sitting at 1.6% above that season’s spending limit. “I mean, it is a financial penalty with regard to a sporting penalty more than one or the other. So I think that is a point of which I see there will be a lot of attention this year. Domenicali hopes to see a resolution found whereby budget cap certification happens more quickly this time around, though the onus will be on the FIA to arrange that through their governance role.
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