P1racenews AI automatic summary:
McLaren has been fined €400,000 by a series it doesn’t compete in any more. Here’s the full story
McLaren has been fined €400,000 for breaching the Formula E teams cost cap in the 2024-25 season.
The breach was due to costs associated with winding down the team after deciding to cease participation in the championship.
McLaren Electric Racing Ltd signed an Accepted Breach Agreement and must pay the fine within 30 days.
McLaren voluntarily notified the cost cap administration before any formal investigation took place.
Although there was an overspend of £555,628, there was no evidence of intentional wrongdoing.
Porsche, Jaguar, and Nissan also faced sanctions in Formula E for overspending.
McLaren’s journey in Formula E started as NEOM McLaren after Mercedes EQ’s success in 2021 and 2022 championships.
