FIA delays release of F1 cost cap certificates until Monday

The FIA will delay the release of the Formula 1 cost cap certificates until Monday, owing to the “long and complex process that is ongoing.”

FIA delays release of F1 cost cap certificates until Monday

Following speculation over the Singapore Grand Prix weekend that two teams - Red Bull and Aston Martin - may have breached the $145 million cost cap for 2021, the F1 paddock awaited eagerly for news from the series’ governing body.

The FIA was set to issue compliance certificates to teams who had stayed within the $145m limit on Wednesday following a full audit.

But in a statement issued late on Wednesday afternoon, the FIA announced the certificates would now not be released until next week.

“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 statement reads.

“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.”

It means the discussion over the budget cap is set to rumble on over the Japanese Grand Prix weekend, with both Red Bull and Aston Martin denying they had breached the $145m limit last year.

Red Bull team principal Christian Horner said on Sunday he was “absolutely confident” the team had complied with the financial regulations, amid calls from rivals Ferrari and Mercedes for strict sanctions if that were not the case.

Sebastian Vettel, Aston Martin AMR22, Max Verstappen, Red Bull Racing RB18

Sebastian Vettel, Aston Martin AMR22, Max Verstappen, Red Bull Racing RB18

Photo by: Zak Mauger / Motorsport Images

Horner had previously called out his rivals for making “defamatory” claims about the matter, which Mercedes counterpart Toto Wolff dismissed as “noise.”

Any team that is found to have exceeded the budget cap by less than 5% - around $7m in 2021 - would be considered to have made a minor breach, with sanctions ranging from a reprimand to points deductions.

A breach beyond the 5% mark is considered to have a material breach, which can be penalised with exclusion from the championship, points deductions, cost cap reductions or testing limitations.

Read Also:

In the statement on Wednesday, the FIA repeated its comment noting “significant and unsubstantiated speculation and conjecture” concerning the budget cap.

“The FIA reiterates that until it is finalised, no further information will be provided,” the statement added.

“The FIA also reiterates that any suggestion that FIA personnel have disclosed sensitive information is equally baseless.”

shares
comments
Aston Martin has to stay “vigilant” as F1 midfield battle hots up
Previous article

Aston Martin has to stay “vigilant” as F1 midfield battle hots up

Next article

Latifi frustrated by quick FIA decision on Zhou Singapore F1 clash

Latifi frustrated by quick FIA decision on Zhou Singapore F1 clash
How Red Bull's dynamic leader shaped its F1 philosophy Plus

How Red Bull's dynamic leader shaped its F1 philosophy

The death of Dietrich Mateschitz last month has not only deprived Red Bull of its visionary founder, it has shorn Formula 1 of one of its most influential benefactors. Mateschitz himself was famously media-shy, preferring to let the brand do the talking on his behalf. And, while it’s now normal to speak of Red Bull F1 titles and champions made, Mateschitz never assumed it would be easy or even possible – as ANTHONY ROWLINSON discovered during this previously unpublished interview from 2006…

Can Mercedes break Formula 1's cycle of doom? Plus

Can Mercedes break Formula 1's cycle of doom?

OPINION: Teams that have dominated for long periods throughout Formula 1's history often take years to get back to the top of the tree once they've slipped down. But it remains to be seen whether the same will happen to Mercedes after a challenging 2022 season

Formula 1
Nov 24, 2022
What hurt Perez most in his ill-fated fight for second in Abu Dhabi Plus

What hurt Perez most in his ill-fated fight for second in Abu Dhabi

Arguably the favourite in the battle to finish second best in 2022's Formula 1 standings, Sergio Perez's two-stop strategy at Abu Dhabi couldn't take him ahead of Charles Leclerc when the music stopped - and several key factors ultimately precluded him from the much-coveted runner-up spot

Formula 1
Nov 23, 2022
The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success Plus

The Abu Dhabi momentum that can propel Leclerc and Ferrari to F1 2023 success

OPINION: Charles Leclerc achieved his target of sealing runner-up in the 2022 world championship with a masterful drive behind Max Verstappen in Abu Dhabi. And that race contained key elements that may help him, and Ferrari, go one better in Formula 1 2023

Formula 1
Nov 22, 2022
How Verstappen's record-breaking 2022 season compares to the F1 greats Plus

How Verstappen's record-breaking 2022 season compares to the F1 greats

The 2022 Formula 1 season will be remembered as a record book rewriting Max Verstappen masterclass, a completely different challenge to his maiden world championship last year, and a clear sign he is still raising his own level. But where does it stack up against the all-time great F1 campaigns?

Formula 1
Nov 22, 2022
Abu Dhabi Grand Prix Driver Ratings Plus

Abu Dhabi Grand Prix Driver Ratings

The 2022 Formula 1 season came to a close at the Yas Marina Circuit, where the battle for second in the standings was decided, the wins in a season record extended and a retiring four-time world champion bowed out on a high. Here's how we rated the drivers

Formula 1
Nov 21, 2022
The factors that stopped Perez catching Leclerc in Verstappen's Abu Dhabi triumph Plus

The factors that stopped Perez catching Leclerc in Verstappen's Abu Dhabi triumph

Max Verstappen ended the 2022 Formula 1 season in fitting fashion with a dominant drive to victory in the Abu Dhabi Grand Prix. But behind him, early season rival Charles Leclerc achieved his target of securing the runner-up spot with a well-executed a one-stop strategy to beat Sergio Perez, whose pursuit on a two-stop strategy was hampered by several critical factors

Formula 1
Nov 21, 2022
Why the impact of FIA’s anti-bouncing metric is hard to judge Plus

Why the impact of FIA’s anti-bouncing metric is hard to judge

Faced with drivers complaining about the long-term health effects of car ‘bouncing’, the FIA stepped in to deal with it. JAKE BOXALL-LEGGE explains how the so-called ‘Aerodynamic Oscillation Metric’ works, and asks if it is fit for purpose?

Formula 1
Nov 20, 2022