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Old 10 Nov 2022, 08:30 (Ref:4133153)   #451
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Originally Posted by S griffin View Post
Obviously RBR and AM exceeded the cap, so what's the third team you are talking about?
RBR are the only team to have exceeded the cap.

AM and Williams have both been fined for procedural issues (but they are not for exceeding the cap).
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Old 10 Nov 2022, 09:22 (Ref:4133159)   #452
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Originally Posted by S griffin View Post
Obviously RBR and AM exceeded the cap, so what's the third team you are talking about?
RB were found to have marginally exceeded the cap through their accounting procedures.

AM had 12 issues of incorrectly excluded/adjusted items.

Williams had a procedural issue.

RB penalty has been published.

AM fined.

Williams were fined too.

Last edited by peebee2; 10 Nov 2022 at 09:30.
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Old 10 Nov 2022, 10:23 (Ref:4133169)   #453
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Originally Posted by peebee2 View Post
RB were found to have marginally exceeded the cap.
FTFY

Although to be accurate:
If RBR applied the correct treatment within its Full Year Reporting Documentation of RBR’s Notional Tax Credit within its 2021 submission of a value of £1,431,348, it would have been considered by the Cost Cap Administration to be in compliance with Article 4.1(b) of the Regulations and therefore RBR’s Relevant Costs for the 2021 Reporting Period would have in fact exceeded the 2021 Cost Cap by £432,652 (0.37%).

In summary - RBR exceeded the cap. The reported excess was higher than it could have been if they had complied with the reporting requirements of the regulations. Their accounting procedures did not cause the breach, but they exaggerated it.
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Old 10 Nov 2022, 15:15 (Ref:4133199)   #454
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I'm struggling to understand what Helmut Marko is saying today:

"We thought we had a safety net of $3m. In the end, there was only $400,000 left. With the money, Hamilton constructs a front wing and Haas makes a whole new car."

Now we know they went over the cap, so they did not have $400k left.
But - what is he saying about Hamilton getting a new front wing?
Is he saying that the amount they spent over the cap could buy a Mercedes front wing, or a Haas chassis?
Or is he trying to claim that Mercedes constructed another wing that they didn't declare in their costs?
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Old 10 Nov 2022, 15:35 (Ref:4133203)   #455
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I think he's talking about relative wealth of the teams. The end logic of that is for RBR the $400,000 is a few sandwiches and some soda pop hence the ease with which they missed the odd few bucks.
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Old 10 Nov 2022, 21:21 (Ref:4133228)   #456
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I think he's talking about relative wealth of the teams. The end logic of that is for RBR the $400,000 is a few sandwiches and some soda pop hence the ease with which they missed the odd few bucks.
Then in his attempt to show how small a mistake it was, all he does is highlight that RBR are one of the biggest offenders of the wealth gap in Formula One. But we shouldn't expect much from Mr Marko.
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Old 11 Nov 2022, 10:09 (Ref:4133257)   #457
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Then in his attempt to show how small a mistake it was, all he does is highlight that RBR are one of the biggest offenders of the wealth gap in Formula One. But we shouldn't expect much from Mr Marko.
Yes, humility is an alien concept to the likes of Horner and Marko
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Old 11 Nov 2022, 10:31 (Ref:4133266)   #458
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Then in his attempt to show how small a mistake it was, all he does is highlight that RBR are one of the biggest offenders of the wealth gap in Formula One. But we shouldn't expect much from Mr Marko.
So if I'm understanding it correctly, he's saying: "We're so rich that we wouldn't even notice a difference in $3m to the way we do business. We might have built another wing maybe? But for a minnow like Haas, it's a big deal for them so they would notice.
It's not fair that we are so big we don't even know how much we spend."


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Old 11 Nov 2022, 12:33 (Ref:4133271)   #459
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How big a hole do they want to dig?
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Old 11 Nov 2022, 12:51 (Ref:4133276)   #460
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How big a hole do they want to dig?
Hopefully one big enough to bury their huge egos and sense of entitlement in!
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Old 11 Nov 2022, 13:03 (Ref:4133280)   #461
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Hopefully one big enough to bury their huge egos and sense of entitlement in!
The Red Bull Racing Time Capsule!
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Old 25 Nov 2022, 10:37 (Ref:4134852)   #462
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I'm sure it is entirely unrelated, but the link is being made in the media:

Shaila-Ann Rao to depart FIA role after less than six months

'Sources close to Rao have told BBC Sport that the decision to leave was hers - she resigned because the FIA is going through a re-organisation process and she felt that there would not be a job in which she was interested at the end of it.

She will leave the FIA at the end of November.

Sulayem, who took over as FIA president in December last year, said: "Shaila-Ann has provided me with great support in respect to Formula 1, always acting with professionalism and integrity."

Rao joined the FIA in June from her previous post as special adviser to Mercedes F1 team principal Toto Wolff.

Her links to Mercedes caused concern at both Ferrari and Red Bull.

In particular, at the height of the cost-cap row, Red Bull raised questions about Rao and whether they had been targeted.

Red Bull team principal Christian Horner has said that it was Rao who called him shortly after Max Verstappen clinched his second world title at the Japanese Grand Prix to tell him officially that Red Bull had been found in breach of the financial regulations.'
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Old 25 Nov 2022, 14:21 (Ref:4134891)   #463
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All the teams were targeted. As everyone team is assessed.

Then Red Bull were targeted because they broke the rule.
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Old 25 Nov 2022, 18:35 (Ref:4134905)   #464
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All the teams were targeted. As everyone team is assessed.

Then Red Bull were targeted because they broke the rule.
Agree, no one team was specifically targeted from what we know.

Rao departing could be nothing to do with cost cap or anything like that - OR maybe (either by suspicion or fact) she was considered to be the cause of the leaking about guilty teams from the FIA some weeks prior to the actual announcements and is now "choosing to leave" as a result.
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