Formula 1’s financial regulations were introduced in 2021 with a cap set at a base price of $145 million.If the FIA fails to come down hard on violators, it could be"game over" for the budget cap, says at least one team official.
The FIA is due to deliver certifications for 2021 compliance on Wednesday and any team that has breached the cap will not receive them and be liable to further scrutiny per the regulations. These regulations outline that sanctions can from fines or reprimands to points deductions and exclusion. “We stand absolutely 100% behind that submission that we are below the cap,” said Red Bull team principal Horner. “We were a little bit taken aback by comments that were coming from two of our rival teams. The submission between the team and the FIA is one that is confidential. I have no idea what the outcome of our rivals’ submissions are, or the accounting treatment or so on.
Those comments are believed to refer to accusations made by Mercedes team principal Toto Wolff and Ferrari Sporting Director Laurent Mekies.
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