Formula 1 introduced a new $145 million budget cap for the 2021 season, policed by an all-new set of financial regulations that worked alongside the sporting and technical rulebooks.
The financial regulations state the sanctions for breaches can include financial penalties, minor sporting penalties, material sporting penalties or enhanced monitoring.
But it has emerged that three teams voted against the implementation of sporting penalties for breaches of the financial regulations at the most recent F1 Commission meeting.
According to a recent report from Motorsport.com, these three teams were Red Bull, Scuderia Ferrari and AlphaTauri.
The implementation of a budget cap for 2021 was planned back in 2019, but the figure was reduced from $175 million per year to $145 million in the wake of the COVID-19 pandemic last year.
The figure is set to reduce to $140 million next year and then again to $135 million by 2023.
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