The FIA has officially denied the rumors regarding the 2024 budget cap, confirming that all Formula 1 teams are in compliance. The governing body completed the review of financial accounts for the 2024 season, verifying that nearly all teams adhered to the spending limits and dismissing previous speculations suggesting two teams had exceeded the cap.
Seven months of checks and audits
According to the FIA statement, the Cost Cap Administration (CCA) carried out a seven-month review, examining the financial documentation of all ten teams that participated in the 2024 Formula 1 World Championship, as well as the five power unit manufacturers registered for the new 2026 technical cycle.
The process, described as “very thorough and intensive,” involved a detailed analysis of development activities and the accounting treatment of costs related to technical components. The FIA emphasized the full cooperation of all teams and engine manufacturers, noting that they acted “in good faith and in a spirit of collaboration” throughout the review period.
Minor procedural breach for Aston Martin
The final report highlighted that nine teams fully complied with the spending limit, while Aston Martin (AMR GP Ltd) was flagged for a minor procedural violation. The FIA clarified that the team did not exceed the established cost cap and that the irregularity was administrative in nature, caused by “unforeseeable circumstances beyond the team’s control.”
To resolve the matter, Aston Martin and the FIA signed an Accepted Breach Agreement (ABA) on 29 September 2025. No sporting penalties were applied, confirming the marginal nature of the violation.
All engine manufacturers compliant
The review also confirmed that all five power unit manufacturers complied with the 2024 financial regulations. These rules are designed to control the development costs of the next generation of engines that will debut in Formula 1 in 2026.
An evolving system for a fairer F1
The FIA reiterated that the financial regulations aim to ensure the economic sustainability of the championship and reduce the performance gap between teams. The review process remains complex, involving detailed technical and accounting analyses, but it is considered essential to maintaining the credibility and transparency of modern Formula 1.
In cases of more serious violations, the regulations allow the CCA to impose financial or sporting penalties, including the potential deduction of Constructors’ Championship points for overspending exceeding 5% of the allowed limit.
FIA closes the case and ends speculation
With this official report, the FIA puts an end to the speculation in recent weeks about alleged budget cap breaches by two top teams. All teams are now compliant, and the transparency of the system is strongly reaffirmed.
The rumors of potential violations by two leading teams are therefore dismissed. As a result, the 2024 championship results will remain unchanged in the absence of sporting penalties.
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