Motorsports
FIA postpones release of expense cap report to October 10
of International Automobile Federation (FIA) has announced it will not be able to release the report this Wednesday F1 World Championship team spending caps and that postpones it to Monday 10th October Because it is a “long and complicated process”.
“The FIA informs us that the conclusion of the analysis of the Formula One teams’ 2021 financial presentations and the subsequent issuance of certificates of conformity with the financial rules will not take place this Wednesday, October 5th.” , it says. Pay attention to their website.
“Analysis of the financial presentation is a long and complex process underway, and we conclude that we will authorize the issuance of the certificate on Monday, October 10,” it added.
The FIA recalls that “the Financial Rules have been unanimously agreed upon by all competitors who have actively worked with FIA Cost Management throughout this first year under the Financial Rules”.
“As previously communicated, there is significant and unsubstantiated speculation and speculation in relation to this matter and the FIA reiterates that no further information will be provided until this is confirmed. The confidential information that was obtained is likewise unfounded,” he stresses.
This 2021 cost cap report has heightened interest in speculation that two teams, Red Bull Racing and Aston Martin, may have breached the €145m cost cap in 2021.
The FIA was supposed to issue certificates of conformity on Wednesday to teams that remained within the $145 million limit after a full audit.
Source: Mundo Deportivo
I am a writer at Sportish, where I mainly cover sports news. I’ve also written for The Guardian and ESPN Brasil, and my work has been featured on NBC Sports, SI.com and more. Before working in journalism, I was an athlete: I played football for Colgate University and competed in the US Open Cross Country Championships.
