Image source: Racer
P1racenews AI automatic summary:
All teams complied with F1 cost cap in 2022
The FIA has confirmed that all ten teams complied with the financial regulations in 2022 and received their certificates. Red Bull and Aston Martin were penalized for breaches, while Williams was cited for late reporting of its accounts. However, all teams have now come in under the cost cap, despite rigorous checks on non-F1 activities. The FIA commended the competitors for their good faith and cooperation. The FIA will continue to expand the Cost Cap Administration to ensure robustness and long-term financial stability in the sport.
Source: Racer.com
