Revving Up the Financial Stakes: FIA Boosts F1 Maximum Fines to €1m to Uphold Sporting Integrity

Revving Up the Financial Stakes: FIA Boosts F1 Maximum Fines to €1m to Uphold Sporting Integrity

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F1 maximum fines increased to €1m by FIA

The fines for competitors in FIA championships have been increased as part of an update to the International Sporting Code. Previously, the maximum fine that FIA event stewards could impose on a competitor was €250,000. The update was made because the previous fine limit had not been reviewed or amended in at least the last 12 years and did not reflect the current needs of motorsport. The maximum fine for F1 competitors has been increased to €1,000,000, while other FIA world championships have a maximum fine of €750,000. The FIA has also tightened restrictions on the unauthorized use of pyrotechnical devices at FIA competitions, as it poses significant safety risks. The European Council has also emphasized the need to prevent and counter the use of pyrotechnics at sports venues.

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Source: motorsport

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