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Sport Pluse > Racing > FIA explain how they spend money from F1 driver fines | F1
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FIA explain how they spend money from F1 driver fines | F1

January 24, 2025 3 Min Read
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FIA explain how they spend money from F1 driver fines | F1
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The FIA have clarified how they spend the cash accrued from fining the F1 drivers.

A complete of 270,000 Euros was taken out of the pockets of the drivers by the game’s governing physique final season for a collection of punishments.

Drivers had been fined for transgressions together with pitlane rushing, crossing a dwell monitor, and most controversially utilizing foul language.

Charles Leclerc and Max Verstappen had been notably fined for swearing in official press conferences.

However the FIA have moved to elucidate what they do with the cash.

FIA clarify how cash from fines is spent

“The FIA will not be a profit-making organisation,” Nikolas Tombazis, the organisation’s head of single-seater racing, advised Autosport.

“We do not have shareholders who’re some numbers within the inventory alternate and hoping for share value to go up or get extra dividends or something like that.

“So all the cash is spent on what is taken into account to be useful features, whether or not it’s for security, for grassroots in motorsport, or generally different tasks that are to do with highway security.

“I feel this query is usually barely influenced by the feelings of the second, of no matter wonderful is being mentioned and so forth.

“I realise that anybody who’s paying a wonderful is all the time barely irritated about it and should really feel considerably aggrieved, however for positive there are such a lot of totally different ranges of tasks that I feel you’ll be able to by no means come to the conclusion that this cash is one way or the other spent for Christmas events and so forth.

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“The sum of money spent in grassroots vastly exceeds the fines accrued, which I feel signifies that something that goes in there may have a optimistic influence.

“I feel you’d battle to seek out tasks on the FIA that do not have some motorsport grassroots or social influence.

“What I can say with absolute certainty is that fines of drivers in a single sport do not subsidise one other sport or one other class or one thing like that.

“However in case you have a look at different initiatives, whether or not it’s our campaigns, just like the one about on-line abuse and all of the grassroots we have been speaking about earlier than, or security tasks, I consider are noble methods of spending such cash. And this cash does contribute to that.”

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TAGGED:driverexplainFIAfinesFormula RacingmoneyRacingspend
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