F1 governing body delays cost cap compliance certificates

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FILE PHOTO: Formula One F1 - Dutch Grand Prix - Circuit Zandvoort, Zandvoort, Netherlands - September 4, 2022 Red Bull Team Principal Christian Horner in the pit lane during the race Pool v

FILE PHOTO: Red Bull Team Principal Christian Horner. REUTERS/Christian Bruna

Formula One’s governing body said it had postponed to next Monday the issuing of cost cap compliance certificates amid speculation some teams overspent last year.

The certificates were due on Wednesday, after previous delays, but the FIA said the analysis of the teams’ financial submissions was a long and complex process and had yet to finish.

It said the release of the certificates would now be on Oct. 10, the day after what could be a title-deciding Japanese Grand Prix at Suzuka.

“There has been significant and unsubstantiated speculation and conjecture in relation to this matter,” it added in a statement, referring to alleged breaches of the financial regulations.

“The FIA reiterates that until it is finalized, no further information will be provided,” it said, adding that “any suggestion…

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