News Details

Harsh penalties for teams that seek to cheat finance rules

While there are an increasing number of exceptions to the $175m that teams are allowed to spend from 2021, should any attempt to circumvent the rules they are warned that that they will be harshly treated. 'Financial regulations are the big change, a dramatic change in Formula 1,' F1 MD, Ross Brawn told reporters at today's presentation. 'We've tried for these in the past, and we've not been successful,' he admitted. 'I think the crucial thing about the financial regulations now is that they're part of the FIA regulations. So the sanctions from breaching financial regulations will be sporting penalties of some sort, depending on the severity of the breach. 'Whereas before, if any of you...
Full Story »
2y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Teams will face serious consequences for cost cap...

Formula 1 chief Ross Brawn has warned that the new-for-2021 financial...
2y ago from MotorsportWeek.com

Mercedes and Red Bull to spend big before 2021 budget...

Toto Wolff and Christian Horner have explained that, with the Formula 1...
2y ago from GPFans.com

Wolff: 2021 Rules Change Won't Be Stopped

Formula 1 has rejected a proposal from several teams to delay the...
2y ago from GrandPrix247.com

Marko: The Last Thing We Need is an Indycar Formula

Red Bull's Helmut Marko has reiterated his team's opposition to the new...
2y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Moto3: Scott Ogden: 'You have to put your life and...

Scott Ogden joins the Moto3 World Championship with Michael Laverty's new...
59m ago from Crash.net

Casey Stoner: I miss being 'let loose' in MotoGP...

For some riders it’s the jubilation of victory they miss most after...
3h ago from Crash.net

GP19 Ducati 'very aggressive', GP21 'softer, friendly...

It wasn't long ago that a rookie joining the MotoGP class on a Ducati...
4h ago from Crash.net

Popular On IndyCarToday.com

‘Logistically quite feasible’ for IndyCar to race...

Mark Miles, president and CEO of Penske Entertainment Corp, has pointed to...
21h ago from MotorsportWeek.c...

Feature: Ranking the top 10 IndyCar drivers of 2021

The 2021 IndyCar season was a thriller, with the talent-laden field...

Kellett to remain with AJ Foyt in 2022

AJ Foyt Racing has confirmed that Dalton Kellett will be back behind the...
20h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

8 footballers who returned after regretting retirement...

The end of a playing career can be an emotional time for any professional...
59m ago from DailyStar.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.