FIA Thread

[Jordaann10]

Makes you wonder, Redbull announcing their own hyper car project is surely a way of getting around the cost cap. They can spend unlimited amounts of D&D on materials and processes, then shift this knowledge onto the F1 project

[Zynerji]

Makes you wonder, Redbull announcing their own hyper car project is surely a way of getting around the cost cap. They can spend unlimited amounts of R&D on materials and processes, then shift this knowledge onto the F1 project

Like Ferrari, Aston Martin and Mercedes?

Seems that is more of a playing-field leveling than anything else.

[Jordaann10]

Makes you wonder, Redbull announcing their own hyper car project is surely a way of getting around the cost cap. They can spend unlimited amounts of R&D on materials and processes, then shift this knowledge onto the F1 project

Like Ferrari, Aston Martin and Mercedes?

Seems that is more of a playing-field leveling than anything else.

You could argue that, The Valkyrie is finished and the F1 team is a seperate entity to the F1 team, Merc have produced actual cars and so do Ferrari. Let’s see if anything comes of the redbull car project, although I agree the cost cap is open to abuse by all.

[Big Tea]

These forensic accountants know what they are up to, its the same guys that go for tax accounts of criminals and often catch them. Nothing is 100% safe, but would any team risk it?

[Stu]

Large amount of unsubstantiated rumour being posted here (now deleted), wait for facts; much better than bias confirmation.

[GrizzleBoy]

Adrian Neweys Valkyrie seems more 2022 aero regulations relevant than anything I've seen Ferrari or Merc release in the last couple yearsand I highly doubt he shared all his R&D findings with AM.

[Wouter]

FIA Statement on Financial Regulations
30.09.22

The FIA is currently finalising the assessment of the 2021 financial data submitted by all Formula 1 teams.
Alleged breaches of the Financial Regulations, if any, will be dealt with according to the formal process set out in the regulations.

The FIA notes significant and unsubstantiated speculation and conjecture in relation to this matter,
and reiterates that the assessment is ongoing and due process will be followed without consideration to any external discussion.

[Big Tea]

FIA Statement on Financial Regulations
30.09.22

The FIA is currently finalising the assessment of the 2021 financial data submitted by all Formula 1 teams.
Alleged breaches of the Financial Regulations, if any, will be dealt with according to the formal process set out in the regulations.

The FIA notes significant and unsubstantiated speculation and conjecture in relation to this matter,
and reiterates that the assessment is ongoing and due process will be followed without consideration to any external discussion.

As it is the first 'session' I doubt any more than a warning would happen anyway. Still grey areas to claim

[diffuser]

Applying a retroactive penalty does not seem likely, as the entire sport will be discredited if a title from last season is taken now.

As if it wasn't already?

And some precedent to set. I mean why bother with having a budget cap in the first place?

It is a pickle.

It either has to be painful retro active penalty or painful going forward for many years ...like 50% budget cut for 10 years. Otherwise, there will not be a budget CAP.

[Quantum]

Applying a retroactive penalty does not seem likely, as the entire sport will be discredited if a title from last season is taken now.

As if it wasn't already?

And some precedent to set. I mean why bother with having a budget cap in the first place?

It is a pickle.

It either has to be painful retro active penalty or painful going forward for many years ...like 50% budget cut for 10 years. Otherwise, there will not be a budget CAP.

Or the FIA holds the budgetary allocation for all the teams and releases the cash based on itemised cost, which is highly likely to be in place already given teams need to evidence spending.

Along with staff numbers and salaries.

Supplier invoices with tax receipts.

Energy bills.

Etc etc.

It's totally workable when you consider the this type of thing is done regularly and efficiently for billion dollar plus conglomerates regularly.

[fritticaldi]

German media AMuS is reporting the other team breaching the budget cap rules in 2021 was AMR .

[Writinglife]

German media AMuS is reporting the other team breaching the budget cap rules in 2021 was AMR .

Easy for AMR to resolve their financial issues "Sorry son, we can't pay you this year as we've overspent on copying other teams, but the good news is your pocket money is going up to $1m a week"

[Zynerji]

Makes you wonder, Redbull announcing their own hyper car project is surely a way of getting around the cost cap. They can spend unlimited amounts of D&D on materials and processes, then shift this knowledge onto the F1 project

Careful, when I suggested such a thing it didn't go well with the Red Bull faithful.

OEMs literally use F1 as R&D for road going vehicles. Utilizing your wind tunnels and redundant staffing for other R&D projects that feed a central database (and can generate profit) is a synergy that should not be arrogantly ignored.

This is why I have explained lots of times that the concept F1 had agreed upon was never going to work. The answer is to invert the axis of the symmetry and force a self-balancing formula through data sharing (like the synergy mentioned above). That way the teams simply have zero incentive to overspend. Then you can *cough*blockchain*cough* the data (Teams can run any part that is uploaded, verified by scrutineering/3d scans) and run it through the profit mill of selling access to fans/journos/universities and non-involved manufacturers(now the blockchain makes sense). Different tokens open deeper access and have different costs involved (CFD results, FEA results, 3d point cloud model, etc.) Teams have unlimited tokens for maximum level access (can vote on "trade secret" type security.)

The most close, tight, pinnacle, cheap, epic, and bespoke racecars of all time.

Every OEM improving the products WE buy because the data-compounding.

And let's get real. RBT could make a billion dollars a year if they just engineered their 2021 suspension into a retrofit kit for 1990-2022 Honda Civics.

Or better yet, RB powertrains could "develop" an engine with Honda for a New NeweySX with .8L, inline 3 with a MGU-H turbo and a MGU-K. They could call it the Half-One.

[johnny comelately]

Interesting comments Zynerji

[Stu]

German media AMuS is reporting the other team breaching the budget cap rules in 2021 was AMR .

Easy for AMR to resolve their financial issues "Sorry son, we can't pay you this year as we've overspent on copying other teams, but the good news is your pocket money is going up to $1m a week"

Except driver salaries are not currently included in the cap.