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FIA reveals all 10 F1 teams met 2022 cost cap

The FIA has revealed that all 10 Formula 1 teams have complied with the cost cap regulations for their 2022 accounts, with no teams subject to a penalty.

Each team will receive a certificate of compliance for meeting the cap between 1 January 2022 and 31 December 2022, which stands at a base of $135 million plus extras.

This follows last year's controversy that Red Bull was found to have overspent by approximately $1.8m, for which it received a financial penalty and a 10% reduction in its allotted aerodynamic testing.

The FIA added that non-F1 activities within each team were studied extensively, along with on-site visits, but none were found to have breached the cap.

More to follow.

Source: Autosport

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