FIA confirm breach as cost cap findings revealed following heavy speculation

The FIA has confirmed Aston Martin committed a procedural breach relating to the 2024 cost cap, as it has finalised its review into all 10 teams.

RacingNews365 reported last week that Aston Martin's accounts were submitted before the deadline imposed by the motorsport governing body.

However, due to circumstances beyond its control, the team lacked the required signature of the auditor.

The conditions were recognised by the FIA, who entered an ABA (accepted breach agreement) with Aston Martin to resolve the matter.

In the build-up to the FIA's official release, it was heavily speculated that one team had significantly exceeded the cost cap.

However, the governing body has put the rumours to bed by confirming that the nine teams outside of Aston Martin have complied with the regulations.

“The review of the Reporting Documentation was a very thorough and intensive process spanning seven months,” read a statement from the FIA.

“FIA confirms that the review process is particularly time consuming considering both the complexities of the Financial Regulations and the necessity to assess technical aspects (and related cost treatment) of activities of development undertaken by F1 Teams and PU Manufacturers. 

“The FIA confirms that all F1 Teams and all PU Manufacturers gave their full support in providing the required information. The CCA notes that all F1 Teams and all PU Manufacturers acted at all times in a spirit of good faith and co-operation throughout the process.”

The FIA also confirmed that all five power unit manufacturers were compliant with the sport's financial regulations last year.