By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sport PluseSport Pluse
  • Home
  • Football
  • NFL
  • NBA
  • Mlb
  • Nhl
  • MMA
  • Racing
  • Rugby
Reading: FIA explain how they spend money from F1 driver fines | F1
Share
Notification Show More
Sport PluseSport Pluse
  • Home
  • Football
  • NFL
  • NBA
  • Mlb
  • Nhl
  • MMA
  • Racing
  • Rugby
Follow US
© 2024 All Rights reserved | Powered by Sportpluse
Sport Pluse > Racing > FIA explain how they spend money from F1 driver fines | F1
Racing

FIA explain how they spend money from F1 driver fines | F1

January 24, 2025 3 Min Read
Share
FIA explain how they spend money from F1 driver fines | F1
SHARE

Table of Contents

Toggle
  • FIA clarify how cash from fines is spent
  • Subscribe to our F1 Publication

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.

See also  Jorge Martin’s Aprilia replacement “not 100%” ahead of COTA MotoGP comeback

“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.”

Subscribe to our F1 Publication

You Might Also Like

Kyle Ryde vows to ‘throw kitchen sink at it’ as Glenn Irwin joins OMG Racing

Red Bull hit rare milestone as all four drivers score points at Azerbaijan GP

2025 Hungarian WorldSBK: Friday Practice Results

Marc Marquez: Davide Tardozzi “a really good team manager, he was defending me”

FIRST LOOK: Bimota launch 2025 WSBK livery | World Superbikes

TAGGED:driverexplainFIAfinesFormula RacingmoneyRacingspend
Share This Article
Facebook Twitter Copy Link
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Man City breaking news
Summer signing faces uncertain future at Man City after falling down the pecking order
Football
Verstappen admits he wasn't predicting title challenge turnaround
Verstappen admits he wasn’t predicting title challenge turnaround
Racing
Man Utd have sealed an "incredible signing" who's a new Tevez-type player
Man Utd have sealed an “incredible signing” who’s a new Tevez-type player
Football
Brendan Allen reveals the moment he broke Reinier de Ridder at UFC Vancouver
Brendan Allen reveals the moment he broke Reinier de Ridder at UFC Vancouver
MMA
Jack Grealish of Man City
How Everton can sign Jack Grealish in a permanent move from Man City next summer
Football
sportpluse sportpluse
sportpluse sportpluse

At Sportpluse, we believe sports are more than just games—they are a universal language that inspires, unites, and ignites passion.

Quick Links

  • Football
  • Mlb News
  • MMA News
  • NBA News
  • NFL News
  • Nhl News
  • Racing News
  • Rugby News
  • NFL News
  • Nhl News
  • Racing News
  • Rugby News

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Quick Links

Harry Maguire scores 120th-minute winner against Lyon to send Manchester United to Europa League semifinals (Video)
Real Madrid 2-5 Barcelona: Talking points as Catalans repeat El Clasico triumph to land Spanish Super Cup trophy
What Kawhi Leonard said in 2020 about LeBron James snub, amid Lakers and Clippers claims
© 2024 All Rights reserved | Powered by Sportpluse
Welcome Back!

Sign in to your account

Lost your password?