“If the team is not happy with the outcome, then you can still go to the ICA and appeal there, so it’s a lengthy process, but I think super robust in terms of the governance.” “If it doesn’t come to the settlement agreement, because either the team doesn’t want to do it, or the FIA thinks it needs to go to the Cost Cap Adjudication Panel, then there is a group of judges, independent judges, that are going to look at the regulations and the case and come to a conclusion whether they should be penalised or not,” explained Wolff. The teams will either be issued with a certificate of compliance or need to enter into a settlement agreement with the FIA as to the overspend they have made. Mercedes Boss outlines the process that should be resolved today and how it may end up in a legal feud. German publication AMuS however claimed Red Bull had spent around $10m more than the FIA cap allowed. The FIA received submissions from all the teams in March this season detailing their previous year expenditure and have since been queueing certain items to clarify whether the teams should include them or not.Īt the Singapore GP a huge row broke out as Toto Wolff accused Red Bull Racing of “massively” overspending and Lewis Hamilton commented that’d Mercedes spent just $300 more he may well have been the 2021 F1 drivers’ champion.Ĭhristian Horner admitted there were 6 items outstanding the FIA wished to clarify and that they were fully confident their submission would comply with the spending limit. However a number of items sit outside that limit including power units, drivers’ salaries to name but two. The budget cap regulations were introduced for the 2021 Formula One season and a limit of spend by the teams was set at $145m. A decision was expected last Wednesday before the Japanese GP but for the third time it was deferred by the FIA. Today is now the4th date set by the FIA to deliver there verdict on which teams honoured the 2021 Formula One budget cap and which teams are in breach.
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