P1racenews AI automatic summary:
Aston Martin hold hands up over minor procedural breach of the 2024 F1 cost cap.
Aston Martin has acknowledged a minor procedural breach of the F1 cost cap, signing off on an Accepted Breach Agreement for the 2024 season.
The issue arose from a missing signature on the accounts, which were otherwise prepared and submitted before the March 31 deadline last year.
After rectifying the signature omission, Aston Martin resubmitted the paperwork with complete audited documents, keeping the FIA informed throughout the process.
While the missing signature was due to circumstances beyond their control, it was submitted late, resulting in a procedural breach for which Aston Martin has accepted responsibility.
Reports suggest that no penalty or fine will be imposed on the Silverstone-based team, as their 2024 submissions were within the $135 million cost cap.
With the FIA yet to issue cost cap compliance certificates, speculations are rising about potential rule breaches by multiple teams, awaiting the FIA’s final review and announcement.
