McLaren CEO Zak Brown is reported to have sent a letter to the FIA in which he has called for a penalty that is more severe than a fine for teams that exceeded Formula 1’s... read more »

Mercedes boss Toto Wolff says his team are prepared to overspend if Red Bull aren't punished severely for their minor breach of F1's financial regulations. read more »

The all-woman W Series cancelled its remaining three races in the United States and Mexico for financial reasons on Monday and declared Britain's Jamie Chadwick champion... read more »

Martin Brundle says F1's cost cap rules need "tightening up" after Red Bull were found guilty of breaking the 2021 financial regulations.  read more »

The FIA have announced that two teams have breached the 2021 Financial Regulations. Following a thorough investigation and amidst big rumours during the Singapore Grand Prix,... read more »

After some delay, the FIA announced on Monday afternoon that Red Bull had breached F1's financial regulations with a "minor overspend" of the $145m dollar 2021... read more »

But rather than this being the end of a process that has already been under the spotlight for a while, what happens next is potentially more intriguing as the governing body... read more »

The Red Bull Formula 1 team remains confident that it didn't overspend last year's $145 million budget cap, stating it is "surprised" by the FIA's... read more »

Fernando Alonso says that he has 'no doubts' about his trust in Formula 1's governing body amid the current speculation of certain teams breaching the financial... read more »

George Russell has had his say on the current cost cap debacle, stating that he trusts the FIA to 'bring in an appropriate punishment' if a team is proven to have... read more »

The overall spending of Mercedes-Benz Grand Prix Limited fell from £324.9m in 2020 to £297.4m last year, despite the calendar being extended from 17 to 22 races as the impact... read more »

The FIA has been completing its audit of each F1 team's financial submission for the 2021 season in recent months, judging if each outfit complied with the $145 million... read more »

Citing a "long and complex process" the FIA will not now release details of its analysis of the teams' financial submissions until Monday 10 October. read more »

The FIA has announced that it has delayed the release of its 2021 budget cap findings until next week. The governing body had intended on announcing the results today, amid a... read more »

Ferrari have warned it will be "game over" for F1's budget cap if the sport fails to pass the first "vital test" of the financial regulations. read more »

Ferrari race director Laurent Mekies says the FIA's investigation into every Formula 1 team's expenses under the cost cap will be a "vital test" for the... read more »

Ferrari racing director Laurent Mekies believes the way the FIA handles any alleged budget cap breaches will be a "vital test" for F1's financial regulations. read more »

Mike Krack has conceded his surprise at Aston Martin being linked to a breach of the F1 financial regulations alongside championship leaders Red Bull. read more »

The weekend in Singapore opened with controversy over the budget cap and the alleged overspend by Red Bull and Aston Martin. Although there is still no open communication from... read more »

Christian Horner has insisted there are no nerves with regard to the outcome of the FIA's financial audit as he is "absolutely confident" in Red Bull's... read more »

The Singapore Grand Prix paddock has been awash with speculation that two teams breached last year's $145 million spending cap.While there will be no confirmation of that... read more »

Ferrari racing director Laurent Mekies has demanded the FIA takes a "transparent and severe approach" to the potential breach of financial regulations. read more »

Mercedes team boss Toto Wolff says Red Bull has been the subject of an investigation regarding an alleged breach of the Formula 1 cost cap that spans back a number of months.... read more »

Red Bull Racing and Aston Martin are both understood to have overspent last season, with the former believed to be a potentially more serious case of a "material... read more »

W Series will decide next week whether it can finish its 2022 season after encountering a "slow train crash" of financial difficulties in recent weeks and months. read more »