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Formula 1: Cost cap delay sparks speculation as teams await FIA verdict

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The FIA’s delay in releasing the 2024 Formula One cost‑cap results has put the paddock on edge. The governing body has not yet published the official financial compliance documents, a pause that’s prompted speculation about whether teams are struggling to stay within the $145 million spending limit set in 2021.

At the Mexico City Grand Prix, Sauber team principal Jonathan Wheatley said the hold‑up “clearly indicates that there may be one or more teams in trouble.” He explained that the cost cap forces teams to juggle tight budgets while still chasing performance, and that unexpected expenses—like the cost of repairing a crash‑damaged car—can strain those limits. “We’re all dealing with tight budgets, and any surprise costs make it harder to stay compliant,” Wheatley told reporters.

Ferrari’s chief Fred Vasseur cautioned against jumping to conclusions. “It isn’t a crisis until the FIA completes its review,” Vasseur said. He urged the paddock to trust the organization’s work and to separate genuine cost‑cap breaches from technical or administrative glitches. “We need to differentiate between a sporting advantage that should be penalised and a simple mistake,” he added.

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Haas boss Ayo Komatsu echoed that position. “Teams must adapt their processes and await the FIA’s decision,” he said. Komatsu pointed out the growing intricacy of financial management under Formula One’s regulatory framework, acknowledging that teams are preparing for whatever the review may reveal.

In a brief statement, the FIA confirmed that its Cost Cap Administration is “finalising its review of 2024 financial submissions” and that an official announcement is expected soon. The organization declined to comment on specific cases, keeping the ball in the field for the teams and the media.

The cost‑cap regime, now in its fourth year, remains a key tool for maintaining competitive balance in the sport. The pace of racing on the track continues, but a behind‑the‑scenes audit is proving to be a major storyline for this season. Fans and insiders alike are watching closely to see who might be caught checking the balance sheet before the next race.

Source: ianslive


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