After a long wait, the FIA confirmed that it is postponing any announcement regarding the Certificates of Compliance for Formula 1 teams based on the 2021 budget cap regulation and how teams used the budget last season.
Aware that everybody was expected detailed updates on Wednesday, the FIA released a statement in the afternoon to inform that it would not present its conclusions today, as initially planned.
The statement reads: “The FIA informs that the conclusion of the analysis of the 2021 financial submissions of the Formula 1 teams and the subsequent release of Certificates of Compliance to the Financial Regulations will not take place on Wednesday, 5 October. The analysis of financial submissions is a long and complex process that is ongoing and will be concluded to enable the release of the Certificates on Monday, 10 October. The Financial Regulations were agreed unanimously by all Competitors, who have worked positively and collaboratively with the FIA Cost Cap Administration throughout this first year under the Financial Regulations.”
At the same time, the FIA has doubled down on the recent speculation among teams regarding the possibility that Red Bull and Aston Martin may have broken the cost cap regulation, a rumor which appeared last weekend in the Singapore paddock. Scuderia Ferrari and Mercedes immediately demand severe penalties for any team that has breached the rules in order to have an advantage in terms of pace and performance, but the FIA has again stated that until the issue has been finalised there will not be any more information provided: “As previously communicated, there has been significant and unsubstantiated speculation and conjecture in relation to this matter, and the FIA reiterates that until it is finalised, no further information will be provided. The FIA also reiterates that any suggestion that FIA personnel have disclosed sensitive information is equally baseless.”
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Formula 1 introduced its Financial Regulations in 2021. It meant that all teams had to keep their spending within a prescribed limit, excluding certain items such as the salaries of drivers and top team staff. The FIA has taken over six months to gather and analyse the data sent by teams regarding their spending for the previous season.
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