However, the timeframe for this is 1 January to 30 April (inclusive) immediately following the reporting year, meaning the window of opportunity has long gone for 2022.įurthermore, as Article 6.11 of F1's Financial Regulations states: "There shall be no right of appeal against any decision by the Cost Cap Administration to issue a compliance certificate to an F1 Team." There is a process for teams to submit reports to the FIA if they believe a rival has committed a Cost Cap Breach. ![]() While with the technical regulations where, if the FIA is happy with the design of a car part, a team still has the option of protesting it at the next race, the financial rules are different. The decision of the FIA to issue Cost Cap Compliance certificates is non-reversible. Just as it would be unfair for the governing body to release technical information on what individual teams are up to in complying with that set of regulations, it would be nonsensical for the governing body to release confidential insight into the spending of competitors.įurthermore, teams also have to trust the system because we are now past the point of no return if there are complaints. That element of trust over the cost cap all-clear is important on two fronts: the first because teams do not get access to all their rivals' accounts nor the reasons for the FIA's verdict on other's cost cap submissions. And, in the event of an infringement, there must be an exemplary sporting punishment, a sanction that definitively discourages from breaking the rules." "Credibility passes through the guarantee that everything is controlled down to the smallest detail. Photo by: Mark Sutton / Motorsport Images Mohammed bin Sulayem, President, FIA, Stefano Domenicali, CEO, Formula 1, on the grid "Financial stability has greatly increased the valuation of the teams, but, as always happens when a new and complex variable is introduced, the system needs to be equipped to manage it, and all the parties involved must be able to do this. If that faith is not there, then the whole thing collapses as a useful tool to reign in spending.Īs F1 CEO Stefano Domenicali said at Monza last weekend: "We are in the second year of the financial regulation, and I want to be positive because I see positive elements. There is an acceptance in the paddock that the cost cap can only succeed if teams have total trust that it is being policed in the correct manner. The FIA's confirmation then that all teams complied with the regulations will have made everyone happy that their own squads were all good, but it will almost certainly not put an end to suspicions that some teams may still be finding ways around the rules.Īnd it is that lingering doubt, no matter how small, that remains the biggest challenge for the cost cap going forward. Team bosses were left nervously checking their phones for calls from their Chief Financial Officers to try to get a clearer picture of just when they would get the FIA Certificates of Compliance so they could relax a bit. Others were predicting a scenario where everyone got pinged for a breach, while a few thought that the matter would again revolve around one or two squads having broken the rules.Īnd such had been the increased level of probing from the FIA this year over the submissions, which had included many follow-up questions and thorough factory inspections, that none of the major squads that operate right at the limit of the cost cap were taking anything for granted. Some teams were leaning towards the FIA giving the all-clear to everyone. ![]() ![]() FIA reveals all 10 F1 teams met 2022 cost cap.The ongoing wait in getting an FIA decision meant it was hard to get a consensus in the paddock about what was going to happen. And, after the controversy triggered by Red Bull's 2021 overspend, and unease about the nature of the penalty handed down, more rule-breaking this time around would have been explosive.
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