FIA Admits Past Rule Flaws but Praises F1 Budget Cap Success Ahead of 2026

The FIA has acknowledged shortcomings in past Formula 1 regulations but says that one of the biggest reforms — the budget cap — has been successful overall and crucial to the sport’s financial stability. FIA single-seater director Nikolas Tombazis highlighted both the positive impact of cost controls and the lessons learned from earlier rule cycles as the sport heads into the 2026 era.

Tombazis pointed out that the cost cap has delivered greater financial sustainability and profitability for teams, helping prevent some squads from nearing collapse and making the grid economically healthier than before. While he stopped short of calling it a complete success, he described the progress as significant and positive for the long-term viability of Formula 1.

The FIA boss also admitted that the current regulatory framework — particularly the technical rules introduced in 2022 — did not fully achieve its intended goal of closer racing. Although ground-effect aerodynamics initially promised easier overtaking, some design loopholes allowed cars to produce turbulent airflow that makes following harder than expected. This has led to ongoing revisions as part of the transition to the new 2026 regulations.

Despite these issues, Tombazis stressed that the budget cap has become indispensable for the sport and that its implementation was a necessary step toward reducing financial disparities. He acknowledged that controlling rules across teams with widely different business models is complex, but maintained that the lessons learned will inform further regulatory improvements for the upcoming new era of Formula 1.