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Home » Ferrari feel FIA financial review delay ‘gives truth’ to Red Bull budget cap breach rumour

Ferrari feel FIA financial review delay ‘gives truth’ to Red Bull budget cap breach rumour

Scuderia Ferrari boss Mattia Binotto feels that the FIA’s delay in providing details about the certificates of compliance for the 2021 budget cap is another key hint that ‘gives truth’ to the recent rumours regarding the fact that Red Bull breached the financial regulation.

While the process of auditing budget cap submissions has been a confidential one involving the teams and the FIA, some information leaked two weeks ago ahead of the race in Singapore pointed to two teams (Red Bull and Aston Martin) breaching the $145million cap in the previous championship.

Red Bull’s exceeding of the budget cap seems to be material, or more than five per cent of the limit, a situation that should bring heavy penalties if true. Details about the certificates of compliance were initially scheduled to be revealed last Wednesday, October 5, but the FIA then confirmed it would only share information about the financial reports on Monday, October 10, whilst evaluations by FIA still took place.

“It is interesting to see it is taking so long to issue it because it was due days ago” – Scuderia Ferrari team principal Mattia Binotto said during the Suzuka weekend – “Why we are simply waiting so long is certainly because there are discussions behind, which are giving truth to the fact that there are rumours and speculation about maybe teams having been in breach. I think it is simply confirming there are discussions because there is something not clear in there.” – the Ferrari boss added.

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As he pointed out that any irregularity should be penalized in a severe manner, the Italian added: “What is important for us is whatever the breach will be, if any breach, the penalty has to be significant because believe me, our car today, in Japan that tried to fight for the best position, is a car that has been developed maintaining and respecting what has been the budget cap itself. We know how much, even if it’s a minor breach, would have been implied in terms of performance. $5million is just about half a second, even $1-2million is one or two tenths, which is from being second on the grid or being on pole and having the fastest car. It is about 2021, 2021 is an advantage you gain over the following seasons. What I am expecting is full transparency and clarity on the discussions that we have had.” – Mattia Binotto concluded.

Oct 10, 2022Scuderia Fans
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