The governing body of F 1 has announced that all 10 teams have been granted certificates of compliance for the 2022 budget cap.
Last Updated: 05/09/23 12:09pm
The FIA has confirmed that no breaches of the cost cap have occurred in 2022
Formula 1’s governing body has announced that all 10 teams on the grid have been granted certificates of compliance after complying with last season’s budget limit.
A statement from the federation read: “The FIA confirms that its Cost Cap Administration has completed the review of the Reporting Documentation submitted by each Competitor participating in the 2022 FIA Formula One World Championship in relation to the 2022 Full Year Reporting Period which ended on 31 December 2022.
“The FIA Cost Cap Administration has issued certificates of compliance to all 10 Competitors.”
More to follow…
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