Have F1 teams broken cost cap rule? FIA set the record straight

The FIA released a statement in response to rumours and reports that F1 teams had breached the cost cap.
Circuit atmosphere - kerb detail. Formula 1 World Championship, Rd 12, Hungarian Grand Prix, Budapest, Hungary,
Circuit atmosphere - kerb detail. Formula 1 World Championship, Rd 12, Hungarian Grand Prix,…

The reports suggested that up to three of the 10 teams could 🐠be in breach of the 2022 budget, amid an ongoing inves🔯tigation by the FIA.

The FIA had been cold-calling at factories and searching through WhatsApp chat𒈔s, some reports claiꦡmed.

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But an FIA spokesman said ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚduring the F1 Hungarian Grand Prix: “In light of recent reporting, we’d like to reiterate the ongoing process preceding financial regulation certification for the teams – none of which have been informed of their certification status.

“The auditing fieldwork is still ongoing andﷺ is scheduled to conclude in the upcoming weeks, after which there will be a period required for the finalisation of the review.

“There is not, and has never been, a spe🌠cific deadline fo♛r certification, and any suggestions of delays to this process or potential breaches are completely unfounded – the Cost Cap Administration will formally communicate its findings according to the procedure set out in the Financial Regulations.

“The timeframe is intentionall🦩y not fixed in order not to prejudice the robustness ꦓand the effectiveness of the review.”

Red Bull notoriously breached the 2021 cost cap, incurring a $7m fine an🔯d a 10꧒% reduction on their allotted wind tunnel time.

Lewis Hamilton was among the critics who claimed that the punishment was not se♏vere enoug♉h.

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