F1 budget cap results revealed – with ‘procedural breach’ announced by FIA

The FIA have announced that nine F1 teams have complied with the 2024 cost cap – with only Aston Martin found to have committed a “procedural breach.”

The long-awaited results come after rumours swirled in the F1 paddock in Mexico that one team had been found to have overspent. However, after thorough investigations, these findings confirm that not one team have overspent.

As for Aston’s breach, the Cost Cap Administration (CCA) offered an “Accepted Breach Agreement” (ABA) to resolve the matter, which was accepted by the team. The CCA cites “exceptional and unpredictable circumstances” that led to the breach. It is understood that Aston failed to submit their accounts in time for the 31 March deadline.

An FIA statement reads: “Nine F1 Teams found in compliance for 2024, and Proced