Oct.29 (GMM) The FIA has officially closed its 2024 cost cap review – confirming that all ten Formula 1 teams stayed within the financial limit, ending intense speculation about alleged overspending by McLaren and Mercedes.
In a lengthy statement, the governing body said the review was “a very thorough and intensive process spanning seven months” and involved “complex technical assessments” across both team and power unit operations.
Ultimately, only Aston Martin was found to have committed a minor procedural breach, after missing a signed document deadline due to “exceptional and unpredictable circumstances.”
The FIA acknowledged that the team acted “cooperatively and in good faith throughout the process” and “no undue advantage” was gained.
No financial or sporting penalties were applied.
Meanwhile, the FIA explained why the annual certification took longer than usual. The Cost Cap Administration said the review was delayed due to the “necessity to perform detailed assessment on complex transactions and cost treatments,” but stressed that all teams and power unit manufacturers “acted at all times in a spirit of good faith and cooperation.”
Nine teams were therefore cleared entirely, and all five power unit suppliers – including Red Bull Powertrains, Mercedes, Ferrari, Renault, and Audi – were found compliant.
The decision finally puts to rest a swirl of rumours in Mexico and Austin that two leading teams – widely speculated to be McLaren and Mercedes – were under investigation for major budget irregularities.
The Monaco Grand Prix, often called the crown jewel of Formula 1, is one of the most prestigious races in the world and part of the Triple Crown of Motorsport alongside the Indy 500 and 24 Hours of Le Mans. Starting in 2026, the race will move from May to June to better align with the F1 schedule, placing the Canadian Grand Prix earlier in the season. Grand Prix Tours has taken care of all of the details and has arranged an amazing motorsports vacation. Call 949 719 3350 to book your trip or to contact us with any questions.
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Join Grand Prix Tours for the 2026 Austrian Grand Prix at the iconic Red Bull Ring; a fan favorite that rarely disappoints. Set in Austria’s stunning Styrian Hills, this scenic circuit is famous for its dramatic elevation changes and thrilling uphill turns. We’ve planned every detail so you can relax and enjoy an unforgettable motorsport getaway.
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Join Grand Prix Tours at the legendary Silverstone Circuit for the 2026 British Grand Prix; the birthplace of modern F1. This isn’t just race weekend; you’ll visit the British Motor Museum, explore the Silverstone Museum, and enjoy an exclusive behind-the-scenes tour of the Oracle Red Bull Racing Factory. With over 40 years of experience hosting this trip, we’ve thought of every detail for the ultimate F1 fan experience.
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Join Grand Prix Tours for the 32nd Goodwood Festival of Speed in the South of England, a long summer weekend celebrating the greatest moments in motorsport. Held at the magnificent Goodwood House, this world-renowned event showcases an unparalleled collection of historic and modern racing cars from the past 125 years. We’ve taken care of every detail so you can enjoy an unforgettable motorsport getaway.
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Grand Prix Tours delivers the ultimate 2026 Belgian Grand Prix experience on July 19 at the legendary Spa-Francorchamps. Famed for its stunning setting, rich racing history, and iconic corners like Eau Rouge, Spa offers one of Formula 1’s most thrilling weekends, complete with unpredictable weather and nonstop action. With only a one-year contract in place, this could be your last chance to witness F1 at this historic circuit.
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Experience Northern Italy like a true motorsport insider on our Italian Extravaganza, the perfect lead-in to the Italian Grand Prix. Journey through the heart of Italy’s legendary supercar region with exclusive access and behind-the-scenes insights into iconic brands like Ferrari, Lamborghini, Maserati, Pagani, and more. Along the way, enjoy a unique visit to a family-run balsamic vinegar producer for an authentic tasting experience. For car enthusiasts, this is the ultimate way to elevate your Italian Grand Prix weekend.
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Join Grand Prix Tours in Northern Italy for the unforgettable 2026 Italian Grand Prix at Monza. With over 95 years of racing history, passionate Ferrari fans, and electrifying post-race celebrations, Monza delivers one of the most thrilling weekends in motorsport. Enjoy a seamless experience with accommodations in stunning Como, airport and track transfers, and an exclusive pre-race dinner with a racing celebrity, backed by our 40+ years of expertise at this iconic event.
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