FIA release new cost cap statement as F1 fans left in dark over Red Bull ‘breaches’ | F1 | Sport

Red Bull and Aston Martin have been accused of exceeding the F1 budget cap, with the FIA previously scheduled to conclude their investigation into potential breaches on Wednesday. But F1 fans have been left in the dark as the FIA have now explained that their findings won’t be announced 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,” read the statement. “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.“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.”READ MORE: Lewis Hamilton may not be handed title as Red Bull rumours were wrongAny budget breach under £4.5million is classed as a ‘minor violation’ under current rules, with any guilty teams facing a financial penalty. But any teams who have overspent by more than that figure could face a points deduction and exclusion from last year’s championship as it would be deemed as a ‘material overspend.’And that means Red Bull superstar Max Verstappen could be stripped of his maiden F1 title. The Dutchman got the better of Mercedes ace Lewis Hamilton at the season-deciding Abu Dhabi Grand Prix in December as he broke the Briton’s four-year winning run. Verstappen has since become the dominant force in the sport and leads this year’s F1 Drivers’ Championship standings by a whopping 104 points.



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