Budget caps....let's talk
- Thread starter F1 Shift.net
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F1Brits_90
World Champion
Tuscan1969
Podium Finisher
Another FIA whitewash. …..this has been put back 4 times now.
It’s not that difficult if you are under the cap.
If over the cap then why are they giving the teams who have cheated more time to alter, falsify or otheriwse come up with a rationale for not being penalised?
Rules are rules. You break then you get penalised. End of.
Either they are enforced or they are not but if not then it’s no longer a sport and F1 seems sadly to no longer be a recognisable sport.
now outing the announcements back till Max will have won the title and the headlines will all be about that is just a flagrant attempt to draw the sting.
there will be some bollocks about overspend being difficult to quantify and different interpretations of the calculations or currencies etc etc. all leading to a back room deal where the cheats ( presumably Red Bull) get to keep the titles and everything get swept under the carpet….a bit like the Ferrari engine cheating that went on a while back.
The worst is none of is Verstappens fault but by dint of Red Bulls cheating and FIA Rules not being applied correctly last year and probably into this then his title(s) will be forever seen as tarnished despite the fact that he has driven his socks off….
It’s not that difficult if you are under the cap.
If over the cap then why are they giving the teams who have cheated more time to alter, falsify or otheriwse come up with a rationale for not being penalised?
Rules are rules. You break then you get penalised. End of.
Either they are enforced or they are not but if not then it’s no longer a sport and F1 seems sadly to no longer be a recognisable sport.
now outing the announcements back till Max will have won the title and the headlines will all be about that is just a flagrant attempt to draw the sting.
there will be some bollocks about overspend being difficult to quantify and different interpretations of the calculations or currencies etc etc. all leading to a back room deal where the cheats ( presumably Red Bull) get to keep the titles and everything get swept under the carpet….a bit like the Ferrari engine cheating that went on a while back.
The worst is none of is Verstappens fault but by dint of Red Bulls cheating and FIA Rules not being applied correctly last year and probably into this then his title(s) will be forever seen as tarnished despite the fact that he has driven his socks off….
The FIA hoping Max Costcappen wins on Sunday, so they can bury the news on Monday.
The Artist.....
Champion Elect
Because the cap is denoted in dollars, and there is a floating exchange rate, it's actually much more difficult to calculate the spend, because it will depend, on any given day, for the exchange rate.
If you spent money £10 two weeks ago, it would have 10% more of an impact on the progress towards the cap than it would today. This is an inherent problem with a cost cap formula, denoted in a single currency, in an international sport.
After last season there will be no guilty verdicts. The price of controversy would be too high and whatever the penalty there will be existing and future teams who feel the price of entry will be beyond them.
As Christian Horner said (after saying he didn’t know anything about any other team’s submission), there is one team in the paddock which has changed its accounting rules which has given an artificial blip in their cost reporting which would have put them over spending limits. His view is that the FIA needs to review to understand how to interpret the results.
This was from an interview i saw on YouTube, it sounds like an admission of guilt rolled into a way out for the FIA, so I suspect this story will disappear as the governing body has been given column inches from a team tiff and a way out.
Whatever your feeling on right and wrong there never has been a reasonable way to change the reported result from 2021.
As Christian Horner said (after saying he didn’t know anything about any other team’s submission), there is one team in the paddock which has changed its accounting rules which has given an artificial blip in their cost reporting which would have put them over spending limits. His view is that the FIA needs to review to understand how to interpret the results.
This was from an interview i saw on YouTube, it sounds like an admission of guilt rolled into a way out for the FIA, so I suspect this story will disappear as the governing body has been given column inches from a team tiff and a way out.
Whatever your feeling on right and wrong there never has been a reasonable way to change the reported result from 2021.
There will be a plan exchange rate table used for budget reporting. With ongoing contracts there is a limited opportunity to use fx to take an advantage in target reporting
F1Brits_90
World Champion
the delay of this isnt good for everyone because after all the rumour, speculation & opinion the last thing they needed was to rumble on into another weekend
here the question who leaked this information to all the journalists. to start this merry go around, because i would assume it cant be the teams. because they wouldn't have access to other teams finances. but it would have to be someone trusted as this many journalists arent going to go big on any tom dick or harry
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Tuscan1969
Podium Finisher
In the indusray I work in you address this up front with a pre-set “fixed” exchange rate for each currency for the year so you know exactly what you are spending at any given time….it’s not rocket science.
Ferrari and Mercedes to FIA: "Red Bull cheats"
FIA to Ferrari and Mercedes: "How do you know?"
Ferrari and Mercedes to FIA: "Because we cheat and they beat us".
FIA to Ferrari and Mercedes: "How do you know?"
Ferrari and Mercedes to FIA: "Because we cheat and they beat us".
Il_leone
World Champion
But they have locked the exchange rate to draw parity the problem is how they account for spending. Is this cash or proper accounting..I wont bore you with accruals and prepayment? Those big 4 accountants usually happily take a fee to turn the blind eye. The Finance team at Red Bull will feel anxious for sure
Il_leone
World Champion
Ferrari have been moaning how Red Bull keep bringing upgrades every race
Il_leone
World Champion
The FIA have denied the leaks as baseless
Il_leone
World Champion
So y
Two titles under a cloud then
Johnny Herbert said:
Errr ...
Karun Chandhok left "confused" over FIA's timeline for F1 cost-cap report release
As the budget cap saga runs on, Johnny Herbert says in all of this "what we don't want is to make this sport look stupid".
www.planetf1.com
F1Brits_90
World Champion
yet again the FIA are moving glacially slow if its not wet race starts, or penalties that happened on lap 10 of a 2 hour race. now its budget cap. whereas FIA arent at fault for the leak, as far as we know. their handling of this is terrible when a situation like this occurs if you say Wednesday you need to deliver. because this current situation is terrible for the sport. as Monday will be 5 days of unnecessary speculation & overshadowing the best individual title win since Hamilton in 2018
but we know also that if red bull are involved this isnt the end of it. & will only rumble on as either red bull appeal or potentially the other 8 are appealing
but we know also that if red bull are involved this isnt the end of it. & will only rumble on as either red bull appeal or potentially the other 8 are appealing
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F1Brits_90
World Champion
like someone once said to Christopher biggins at a sewing machine. So it Begins
& like Daniel Ricciardo where there is smoke there is fire
& like Daniel Ricciardo where there is smoke there is fire
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