New Ferrari F1 boss Frederic Vasseur believes there needs to be quicker and stricter action for future cost cap breaches after the controversy surrounding Red Bull in 2022. Here's what he said ⬇️
Red Bull denied its overspend had any impact on car performance
, instead pointing to areas such as catering and payroll that led to the breach, rivals were concerned that even a small overspend could have a big impact on track. In an interview conducted before news of his move to Ferrari emerged, outgoing Alfa Romeo F1 chief Vasseur called the cost cap"by far the best regulation that we introduced in F1."
But he felt it was important to both speed up the process, having waited 10 months from the end of 2021 to get certification and answers over cost cap compliance, and take stricter action even against minor breaches.Sergio Perez, Red Bull Racing RB18, Lando Norris, McLaren MCL36, George Russell, Mercedes W13, Lance Stroll, Aston Martin AMR22"We need to find a way to have a red light before, or to be able to take action much earlier.
"And we have to probably be a bit more strict on the decision. OK, perhaps this was the first one, but from now we have to forget about minor and major. Because for me, two or three million, it's not minor, it's mega, for development.Under the financial regulations, any team that exceeds the cost cap by less than 5% is considered to have committed a minor overspend breach, while more than 5% is a major overspend breach that could lead to harsher penalties.
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