Back in 2019, when drawing up plans to implement the cost cap in time for 2022, F1 technical director and chief executive Ross Brown warned teams that they would lose the championship if they were found to have breached it. the regulations. “The financial regulations are the dramatic change in F1,” Brown said at the official unveiling at an FIA press conference in Austin, Texas. “We have tried for these in the past and failed. I think the critical thing about the financial regulations now is that they are part of the FIA regulations. Thus, the penalties for breaching financial regulations will be some sort of sporting penalties, depending on the severity of the breach. “Whereas before we had the resource cap, which was a gentlemen’s agreement between the teams – there aren’t many gentlemen in the paddock, I’m afraid, and that was a failure. “But this has teeth. If you fraudulently violate the financial regulations, you will lose your championship. So there are serious consequences if teams break these regulations.”
