Toto Wolff has revealed Mercedes were “very close” to breaching F1’s cost cap following a crash-strewn end to the 2024 season. Three major crashes during the back end of the 2024 season put ...

In all, the 10 highest-paid drivers in F1 collected an ... are excluded from the cap calculation, giving team owners one prominent area where they can continue to splash their cash.

Crucially, this fine does not come out of Red Bull’s 2023 budget cap. Although still a large fee, it is dwarfed in comparison to the record $100m fine imposed on McLaren for F1’s 2007 spygate ...

As well as a budget cap, the FIA also agreed to a host of changes to technical and sporting regulations. "Formula 1 wins today," said Zak Brown, the chief executive of McLaren. "This is a ...