FIA president Mohammed Ben Sulayem explains the decision to increase the maximum penalty amount in Formula 1, stating that the current fine system is outdated and not in line with the current needs of the sport.
‣ FIA quadruples maximum penalty amount for Formula 1
‣ Previous fine system was outdated and not in line with current needs of motorsport
‣ Increase in penalties is due to the increasing value of teams in Formula 1
‣ FIA encourages teams to avoid unnecessary penalties by following the rules
FIA President Mohammed Ben Sulayem has addressed the recent increase in the maximum penalty amount for Formula 1. The FIA World Motor Sport Council recently decided to quadruple the maximum fine from €250,000 to €1 million. Ben Sulayem believes that this change was necessary due to the outdated penalty regulations.
In an interview with Speedcafe.com, Ben Sulayem expressed his concern about the current penalty system, stating, “The teams are now talking about billions in terms of what each team is worth, and we’ve still not improved our regulations dating back to Jurassic Park.” He emphasized that the FIA is not encouraging teams to pay higher fines, but rather urging them to avoid unnecessary penalties by following the rules.
According to Ben Sulayem, the existing penalty amounts have not been updated in 12 years and no longer reflect the financial scale of the sport. He explained, “We are not saying ‘go and pay’. We are saying, ‘Don’t make these unnecessary penalties’. If you don’t do it, you won’t get it. Nobody will impose something on you if you follow the rules.”
The FIA’s decision to increase the maximum penalty amount was aimed at ensuring fair competition and discouraging teams from violating the rules. By quadrupling the fine, the FIA hopes to deter misconduct and promote compliance among teams. As the maximum penalty amount for F1 has been significantly increased, it is expected to have a greater impact on maintaining integrity within the sport.
Overall, the FIA’s decision to raise the maximum penalty amount in Formula 1 reflects the changing landscape of motorsport and the need for regulations that align with the industry’s current financial dynamics. By encouraging teams to adhere to the rules and avoid unnecessary penalties, the FIA aims to foster a fair and transparent environment in Formula 1.