F1 budget cap: FIA delays release of Certificates of Compliance for any team breaches until October 10

Sky Sports News understands only ‘minor’ breaches were made by any constructor, which would carry less severe penalties; release of Certificates of Compliance were expected on Wednesday, although the FIA has now pushed that back until Monday

Last Updated: 05/10/22 4:14pm

The FIA has delayed its decision to release Certificates of Compliance for teams who have met 2021 budget cap regulations until Monday.

In a statement, the FIA said: “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.

“The Financial Regulations were agreed unanimously by all Competitors, who have worked positively and collaboratively with the FIA Cost Cap Administration throughout this first year under the Financial Regulations.

“As previously communicated, there has been significant and unsubstantiated speculation and conjecture in relation to this matter, and the FIA reiterates that until it is finalised, no further information will be provided. The FIA also reiterates that any suggestion that FIA personnel have disclosed sensitive information is equally baseless.”

More to follow…

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