Formula 1: publication of the budget review only on Monday

formula 1
Publication of the budget review only on Monday

Formula 1 at the Singapore Grand Prix.  Photo: Then Chih Wey/XinHua/dpa

Formula 1 at the Singapore Grand Prix. photo

© Then Chih Wey/XinHua/dpa

It’s about millions – or is it? The eagerly awaited report, which clarifies the expenditure of the Formula 1 racing teams, has been delayed.

The motorsport world association Fia has published an expert opinion on a cost cap review that has been going on for months formula 1 postponed again at short notice.

It was actually expected that on Wednesday the question of whether teams spent too much money last year would finally be clarified. The report has since spring has been postponed several times and is now to be presented next Monday after the Grand Prix of Japan. “The analysis of the financial data submitted is a lengthy and complex process that is still ongoing,” said a Fia spokesman.

Media reports recently suggested that two teams should have broken the rules. There was speculation about red bull and Aston Martin with Sebastian Vettel, with Red Bull said to have overstretched Max Verstappen’s first world champion season with an estimated $7.5 million. The Fia did not want to confirm these reports and pointed out very energetically that no result was available and that they would not be influenced by public speculation. “The Fia reiterates that no further information will be provided until completion,” it said.

148.6 million U.S. dollar as a budget limit

The ten racing teams had committed in the previous season to limit their budget to 148.6 million US dollars (currently around 151.8 million euros) for the entire season. That should increase equal opportunities, even if important items such as driver salaries are not included. The plan was worked out jointly by all teams.

The topic came up last week in the paddock in Singapore. Red Bull in particular was annoyed that they themselves were the focus of attention in this way. The racing team suspected an attack by the competition behind them. Something may have been pierced to journalists to cause unrest in the paddock, it said. “I would really like to know where this information comes from,” said team boss Christian Horner in Singapore. The assumption that “FIA employees have disclosed sensitive information” is unfounded,” the association said.


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