Have F1 teams broken cost cap rule? FIA set the record straight

The repꦆorts suggested that up to three of the 10 teams could be in breach of the 2022 budget, amid an ongoing investigation by the FIA.
The FIA had been cold-calling at factories and searching through WhatsApp chats, s😼ome reports claimed.
But an FIA spokesman said during the F1 Hungarian Grand Prix: “In light of recent reportin🌞g, we’d like to reiterate the ongoing process preceding financial regulation certification for the teams – none of which have been informed of their certificationꦯ status.
“The auditing fieldwork is still ongoing and is scheduled to conclude in the upcoming week🌸s, after which there will be a period required for the finalisation of the review💜.
“There is not, and has never been, a specific deadline for certification, and any suggestions of delays to this process or potential breaches are completely unfounded – the Cost 🔯Cap Administration will formally communicate its findings according to the procedure set out in the Financial Regulations.
“The timeframe is intentionally not fixed in order not to prejudice the robustness and the effectiveness of 👍the🐲 review.”
Red Bull notoriously breached the 2021 cost cap, incurring a $7m fꦍine and a 10% reduction on their allotted wind t💧unnel time.
Lewis Hamilton was among the criti🌳cs who claimed that the puniꦿshment was not severe enough.

James wasꦑ a sports journalist at Sky Sports for a decade covering everything from American sports, to football, to F1.