Brawn warns cost cap breach could cost F1 team title

Formula 1 boss Ross Brawn says that the 2021 cost cap "has teeth", and that a fraudulent breach could cost a team the world championship.

Brawn warns cost cap breach could cost F1 team title

The first ever set of FIA financial regulations has been approved by the World Motor Sport Council, with a $175m cost cap at the heart of it.

That number is fixed for 21 races, with $1m to be added for any races above that total.

Brawn stressed that the new regulations were an "essential" step for the sport, and a huge improvement over past efforts with a resource restriction agreement.

"Financial regulations are the dramatic change in F1," he said. "We've tried for these in the past, and we've not been successful. I think the crucial thing about the financial regulations now is that they are part of the FIA regulations.

"So the sanctions for breaching financial regulations will be sporting penalties of some sort, depending on the severity of the breach.

"Whereas before we had the resource restriction, which was a gentlemen's agreement between teams – well there's not many gentlemen in the paddock I'm afraid, and that was a failure.

"But this has teeth. If you fraudulently breach the financial regulations, you will be losing your championship. So it has serious consequences if teams breach these regulations."

Read Also:

Brawn admitted that the regulations were likely to need refinement, but he insisted that a lot of effort had already gone into them.

"We've got a very strong team of financial experts within the FIA and within F1, and we've sought outside support on this. Deloitte are one of the experts on sports finances, they've been very involved with the football world, and you can see the positive effect that's starting to have.

"They've been pretty well thought out, but they will need development, like any regulation. I fully expect that we are going to have challenges in the future to implement this, but it's absolutely essential for the good of F1 that we have a control on the finances and how much is spent in F1.

"They are essential for the well-being of F1. Budgets have been escalating. F1 is almost a victim of its own success in that the rewards of success are so valuable that the justification for investment keeps coming."

FIA president Jean Todt admitted that he was sceptical at first, but has now been convinced that the new rules will work.

"I must give a special credit to Chase Carey for his consistency in addressing that," said Todt. "I must confess, I was not sure, but I was convinced by him and by all the people who had the understanding on that.

"Cost cap, it means halting the growing spending gap between teams and the performance differential that naturally ensures.

"Through that our goal is to have a closer championship and also being more unpredictable on the track. The first step on the road is also for greater sporting equality, and through that we consider the best compromise can be achieved.

"Of course $175m is still a high figure, plus all the extras around, but we consider it as a first step."

shares
comments
Gallery: F1’s ‘futuristic’ 2021 car design from all angles

Previous article

Gallery: F1’s ‘futuristic’ 2021 car design from all angles

Next article

F1 expects 2021 cars to be 3.5s slower

F1 expects 2021 cars to be 3.5s slower
Load comments
The ‘screaming’ F1 engine future that may not be out of reach Prime

The ‘screaming’ F1 engine future that may not be out of reach

OPINION: It wasn't just the Verstappen/Hamilton clash that had the Red Bull and Mercedes bosses at loggerheads at Silverstone, with the nature of Formula 1's 2025 engines also subject for disagreement. But hopes to have loud, emotive engines that are also environmentally friendly don't have to be opposed.

How Lotus uncovered, then squandered its last ‘unfair advantage’ Prime

How Lotus uncovered, then squandered its last ‘unfair advantage’

Cast in the mould of its founder Colin Chapman, Lotus was powerful and daring but flawed – as it proved through further soaring peaks and painful troughs into the 1980s. DAMIEN SMITH examines a game-changing era

Formula 1
Jul 27, 2021
The core problems Yas Marina’s long-awaited tweaks won't address Prime

The core problems Yas Marina’s long-awaited tweaks won't address

OPINION: Changes to the layout of Abu Dhabi’s circuit aim to reverse the trend of insipid Formula 1 races there - the promoter has even described one of the new corners as “iconic”. And that, argues STUART CODLING, is one of this venue’s abiding failings

Formula 1
Jul 26, 2021
How Ferrari offered Callum Ilott what Red Bull couldn't Prime

How Ferrari offered Callum Ilott what Red Bull couldn't

Last year's Formula 2 runner-up Callum Ilott could be on his way to becoming the first Briton to contest a grand prix in an Alfa Romeo since Reg Parnell in 1950. But, says Oleg Karpov, the Ferrari Driver Academy protege is having to temper his ambition at the moment – outwardly at least…

Formula 1
Jul 25, 2021
The signs that point to F1's rude health Prime

The signs that point to F1's rude health

OPINION: Formula 1's calendar might still be facing disruption as the pandemic affects travel but, says Mark Gallagher, the business itself is fundamentally strong thanks to the epic rivalry taking place on track and the consistent arrival of new sponsors.

Formula 1
Jul 24, 2021
The unexpected benefit of F1's sprint race repeat Prime

The unexpected benefit of F1's sprint race repeat

OPINION: Formula 1's sprint race trial at Silverstone drew mixed feedback on Saturday, but there remained the true test of how it would impact Sunday's Grand Prix. While fans were busy marvelling at Fernando Alonso's progress, a key lesson was being learned that would directly contribute to the dramatic lap-one clash at Copse the following day

Formula 1
Jul 22, 2021
The off-track considerations that led to Hamilton/Verstappen F1 shunt Prime

The off-track considerations that led to Hamilton/Verstappen F1 shunt

OPINION: Formula 1’s 2021 title fight turned ugly last weekend when Max Verstappen and Lewis Hamilton collided at the start of the British Grand Prix. Verstappen thankfully walked away unharmed, but this had been a clash long-since coming.

Formula 1
Jul 21, 2021
British Grand Prix Driver Ratings Prime

British Grand Prix Driver Ratings

The 2021 British Grand Prix will live long in the memory for the dramatic clash between Formula 1's two title protagonists, which opened the door for other drivers to capitalise. One did so in spectacular fashion, while others fluffed their lines

Formula 1
Jul 19, 2021