Red bull And Aston Martin has been accused of exceeding the F1 budget limit, with the FIA scheduled to conclude an investigation into possible violations on Wednesday. But F1 fans are left in the dark as the FIA has explained that their findings will not be announced until next week.
“The FIA informs us that the conclusion of the analysis of the Formula 1 teams’ 2021 financial submissions and the issuance of certificates of compliance with the financial regulations will not take place on Wednesday, October 5,” read the statement. will be decided.
“The financial regulations were unanimously agreed by all competitors, who worked positively and cooperatively with the FIA Cost Cap Administration throughout this first year under the financial regulations.
“As reported earlier, there are significant and unfounded speculations and assumptions regarding this matter and the FIA reiterates that no further information will be provided until this is finalised. The FIA reiterates that any suggestion that FIA personnel have disclosed sensitive information is baseless.”
A budget breach of less than £4.5 million is classed as a ‘minor breach’ under current rules, with any offending team facing financial penalties. But any teams that spent more than that figure could face a points deduction and disqualification from last year’s championship, as it would be considered a ‘material overspend’.
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, snapping the Briton’s four-year winning streak. Verstappen has become a dominant force in the sport and leads this year’s F1 drivers’ championship standings by 104 points.
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