Aston Martin seems to have sacked its audit manager after being fined $450,000 for cost cap violation

Samriddhi Jaiswal | 07/11/2022
Aston Martin seems to have sacked its audit manager after being fined $450,000 for cost cap violation

In light of the current budget cap breach saga which saw both Red Bull and Aston Martin suffer a hefty penalty, the latter has taken a step further to protect itself in the future.

Going further, the Aston Martin team seems to have sacked its audit manager after being penalised for breaching the cost cap. The team posted a job vacancy on social media which suggests that the outfit is looking for an internal audit manager.

The team expects the eligible candidate for the job to perform and control the full audit internal cycle including risk management and control management.

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How much has Aston Martin been penalised for?

After an internal audit investigation by the FIA, both the F1 teams were found guilty of breaching the 2021 cost cap of $145 Million earlier this year.

Red Bull violated the budget cap by 0.37%, and FIA slapped the team with a hefty penalty of $7 Million and a 10% reduction in wind tunnel time.

Meanwhile, the Aston Martin team did not violate the cost cap but was found to have made a procedural breach. They had been penalised to pay $450,000.

Nevertheless, with the cost cap decreasing even further to $140 Million in the 2022 season, any penalty is harmful to the team.

And with the strict precedent set by FIA in the case of Red Bull’s 0.37% violation, the teams undoubtedly need to ensure that they prevent themselves from such severe punishments.

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Six teams to breach cost cap in 2022, claims Red Bull boss

After being slapped with a hefty penalty by the FIA, Red Bull boss Christian Horner reckons that at least 6 teams will breach the cost cap in 2022.

The Briton believes that with energy prices soaring to a new high, the teams have incurred huge bills.

Earlier this year, Mercedes boss Toto Wolff revealed that the team suffered $7 Million alone in energy costs.

Horner said that, however, his team won’t be one of the 6 teams violating the cost cap this year.

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Post Edited By: Samriddhi Jaiswal
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About the author

Samriddhi Jaiswal

Samriddhi Jaiswal is an F1 editor and writer at The SportsRush. She started her career as a business journalist but soon found her calling in lights out here we go! Samriddhi has been a Ferrari fan even when her interaction with F1 was occasional. Her first real experience with the thrilling sport came when Charles Leclerc clinched his iconic victory in Spa and Monza and painted the track red. Now, a Tifosi, Samriddhi is a hardcore fan of the prancing horse and can relate to the chaos within the Italian camp and also admires Ayrton Senna and Michael Schumacher. Off the track, she finds her home in books and musical instruments.

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