Formula 1

F1 Breaking: FIA Releases Statement Regarding Cost Cap Certificates Of Compliance

After high expectations today surrounding the FIA revealing Certificates of Compliance to the 2021 cost cap in F1, the organisation has released a statement admitting that the release is being delayed.

Fans of the sport have been wondering whether the rumours of Aston Martin and Red Bull breaching last year’s cost cap were true, and if so what penalties they could incur, but after a day of waiting, it was expected that the FIA weren’t going to be releasing the details.

ZANDVOORT, NETHERLANDS – SEPTEMBER 04: Race winner Max Verstappen of the Netherlands and Oracle Red Bull Racing celebrates in parc ferme during the F1 Grand Prix of The Netherlands at Circuit Zandvoort on September 04, 2022 in Zandvoort, Netherlands. (Photo by Mark Thompson/Getty Images) // Getty Images / Red Bull Content Pool // SI202209040414 // Usage for editorial use only //

They instead released the following statement:

“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.

“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.”

Alex Harrington

Alex started racing at a young age so certainly knows his way around a car and a track. He can just about put a sentence together too, which helps. He has a great interest in the latest models, but would throw all of his money at a rusty old French classic and a 300ZX. Contact: [email protected]

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