FIA confirms:
F1 teams all stuck to their budget limits
The ten Formula 1 teams adhered to the prescribed spending limit last year. This was announced by the International Automobile Federation, which is responsible for the rules and compliance in motorsport's premier class.
In 2023, 135 million US dollars (122.38 million euros) were permitted. Since 2021, the racing teams have had to adhere to financial guidelines; in the opening year, Red Bull was slightly over the limit and had to pay a fine of seven million dollars, among other things.
"Accepted Breach Agreement" for Red Bull and Alpine
During the review of the documents, which had to be submitted by the engine manufacturers for the first time in 2023, it was found that Honda and Alpine had breached procedural regulations but had not exceeded the budget. The world governing body is seeking a so-called "Accepted Breach Agreement" with the two, in which Honda and Alpine would admit the breaches. Both manufacturers would cooperate in clarifying the matter, according to the FIA announcement.
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