October 5, (THEWILL) – The Formula 1 paddock is eagerly awaiting word from the governing body of the series after rumours surfaced during the Singapore Grand Prix weekend that two teams, Red Bull and Aston Martin, may have spent over the $145 million cost cap for 2021.
After a thorough audit, the Fédération Internationale d’Automobile (FIA) was prepared to award compliance certifications to teams who had stayed under the $145m cap on Wednesday. But the FIA declared in a statement late on Wednesday afternoon that the certifications would now not be made available until next week.
An FIA statement read: “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.”
It indicates that the budget cap debate will continue throughout the Japanese Grand Prix weekend despite denials from Red Bull and Aston Martin that they exceeded the $145 million threshold last year, with Ferrari and Mercedes requesting that staff sanctions are applied for any defaulting.
About the Author
Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
