FIA delays budget cap audit results to Monday

© XPB 

The FIA has stated that it will release the results of its budget cap certification process for Formula 1's teams on October 10, or next Monday.

The governing body was expected to unveil the results of its long-awaited audit on Wednesday, but due to the complexity of its financial analysis, the release will take place on Monday.

The intrigue surrounding F1's budget cap went into overdrive last weekend in Singapore where it was alleged that Red Bull has significantly outspent its $145 million budget while Aston Martin was suspected of a minor breach of the sport's financial regulations.

Both teams strongly pushed back on the allegations, insisting their accounts were in compliance with the FIA's requirements.

A statement released on Wednesday 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."

The FIA also had a few words for those disseminating unsubstantiated claims or speculation on potential budget cap transgressions by specific teams.

Mercedes boss Toto Wolff said last weekend that it was an "open secret" that one team had significantly outspent its mandatory budget.

But the FI made clear that it had not give any team or party a heads up on the results of its audit.

"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," it stated.

"The FIA also reiterates that any suggestion that FIA personnel have disclosed sensitive information is equally baseless."

Keep up to date with all the F1 news via Facebook and Twitter