March 21, 2023

Aston Martin close to agreeing F1 cost cap penalty with FIA – Motorsport. com

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The team was named recently by the FIA alongside Red Bull Racing and Williams as having failed to fully comply with the 2021 financial regulations.

However while Red-colored Bull has been deemed in order to have overspent and made procedural errors, Aston Martin and Williams were only guilty of the latter.

The Williams case , involving the late submission associated with documents by a third-party accounting firm, was settled with a $25, 000 fine earlier this year.

Aston Matn has been in negotiation with the FIA for some time, and a result is likely to emerge this week.

An ABA means that the particular team admits that it was wrong and formally accepts any penalty applied from the governing body.

“We are in discussion using the FIA, ” said team boss Mike Krack when asked about the situation by Motorsport. com.

“I think it will be something that we try to conclude in the next days. So we had some discussions over the weekend as well along with them. And I’m quite confident that will we’ll get it solved soon. ”

Krack played down the suggestion that there was any frustration in the camp about PR damage done by being associated with wrongdoing.

“I think it’s complex, it’s the complex set of regulations, ” he said. “And it is not frustrating, it shows us that we have to do a better job in the future, that we are not having such issues.

“But at the end of the day, I think probably the most important thing is that we were under the cap. And the rest will be procedural. ”

Lance Stroll, Aston Martin AMR22

Lance Stroll, Aston Martin AMR22

Photo by: Zak Mauger / Motorsport Images

The Aston breach is usually believed to be associated with a tax issue that had been specific in order to the UK, and which was interpreted in different ways with the team and the FIA. However , Krack declined to give say anything on the matter.

“I would prefer that we get a signed agreement before we can go into it, ” this individual said. “There will also be a press release, I believe from the FIA, that is then agreed with us. So there will be more details in the particular coming times. inch

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Krack said he or she doesn’t know when any kind of news might emerge from the FIA, but indicated that the Aston outcome won’t necessarily have to wait for the particular Red Bull case to be resolved.

Talks between the Milton Keynes team plus the FIA were put on hold after the death of Dietrich Mateschitz.

“I understood from reading [the media] that they postponed, because of Dietrich Mateschitz, ” stated Krack. “Actually, they are two independent things. Therefore I would not mind that we finish ours as quickly as possible. And also, it’s a different situation, we are not overspending.

“It depends also around the FIA. And then now all of us have people travelling, but I think we did a couple of steps this weekend break. So I believe we’re not really far. But I cannot tell you if it’s tomorrow, or Wednesday or even whatever. ”



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