Formula 1 Racing

F1 ‘definitely has to take budget cap seriously’ says Hamilton ahead of FIA ruling · RaceFans

Hamilton cleared over wearing nose stud, Mercedes fined · RaceFans

Lewis Hamilton has given his backing to the FIA as it prepares to reveal its assessment of Formula 1 teams’ finances for the first time.

The governing body of motorsport is due to issue certificates of compliance to the 10 teams which participated in the 2021 F1 season to confirm they complied with its $145 million cap on spending – with certain exceptions. Its ruling is expected tomorrow.

Over the Singapore Grand Prix weekend speculation mounted that two teams may be found not to have complied with the rules. Multiple reports before the weekend began claimed Red Bull, whose driver Max Verstappen beat Hamilton to last year’s world championship by eight points, is one of those teams.

While FIA F1 Financial Regulations allow for points to be confiscated in the event of a breach, among other penalties, Hamilton said he is “not really giving much attention” to the recent developments. “It’s all whispers at the moment,” said the seven-times world champion.

He stressed he trusts the FIA, under president Mohammed Ben Sulayem, will make the correct decision if any team has violated F1’s financial rules.

“I’m proud of my team for the diligence that they’ve done to run to the rules,” said Hamilton. “And I honestly have full confidence in Mohammed in the way that he’s conducted himself to this point and in terms of being strict and being clear with the rules.”

Advert | Become a RaceFans supporter and go ad-free

However he pointed out a violation of the budget cap could hand a team a performance advantage. “The rules are rules and for those sort of things, which can lead to real alterations in terms of car performance, those sorts of things, we definitely have to take it seriously,” he said. “But as I said, I don’t know if it’s true or not so we’ll see.”

Mercedes team principal Toto Wolff was drawn into a war of words with his opposite number at Red Bull, Christian Horner, over the reports.

Horner questioned how a rival team could have learned details of their submissions to the FIA. “How on earth do they have this information, where do they have this knowledge?” he said. “The FIA have even stated they haven’t even completed their process.”

The Red Bull team principal accused rivals of spreading rumours as “an underhand tactic that’s been employed to detract from perhaps a lack of performance this year.”

However Wolff pointed out the process leading to tomorrow’s expected announcement has been in motion for…

Click Here to Read the Full Original Article at RaceFans…