Budget Cap Enforcement

Lets be fair. When the season started it was pretty close, Redbull is and always was the better car on race day. They have enjoyed some pretty streight forward easy victorys even when taking out Ferraris blunders. We didnt bring some updates according to Binottos interview last week.

 

Red Bull will be slapped on the wrist, for admitting what other teams didn't. All fines will be levied and paid, according to the rules.

... and Max Verstappen will still be the validated WDC of 2021 and 2022

 

I would pay good money to see a timeline to see 2021/22 with Merc and Redbull switched.

Just to read the comments.

 

Redbull said they didnt too.... Your deflection tactics are not working.

 

No one really knows who spent what. Maybe Ferrari spent more, Who knows

 

Call me naive, but I am even surprised that catering is part of the budget limit, when it doesn't contribute to the car performance.

I thought only items related to the car performance were taken into account: staff wages, wind tunnel, R&D, design and fabrication costs, prototyping, parts manufacturing, general engineering, testing (not track testing), dyno time, simulators, work subcontracted, outsourced parts, ancillaries, fluids, etc ... plus of course the general operations around the race each GP, including track equipment, data monitoring, communications, strategy, tyres and wheels, fuel, etc, etc ...

But I find that logistics are also included, which put some teams at a disadvantage because of their location.
Now catering is included too? It's mental.

From what I understand, some teams have only listed the parts used, and not the parts produced to minimise their impact on the budget. That means that an audit cannot really read the budget from the team's balance sheet. The balance sheet being the document submitted to the Inland Revenue as a statement of account, indicating the financial health of a company. I am sure those familiar with accounting will understand what I mean.

No wonder it's a mess!

 

Let's try this then ...

I'll be very satisfied with whatever fines are imposed on Red Bull by the FIA, for going over budget ... by less than 1% ... on catering.

How about you?

 

... and it's worth repeating: none of the financial accounting submitted, was actually audited or even reviewed. ALL taken at "face value"

What a joke this is

 

If they only get a fine that would be lame.

If I was the other teams Id start mass "catering" immediately.

 

Ferrari's problem has been for awhile that they refuse to do spring development of their cars.

For years they barely even do an update at Barcelona. It's only when Ferrari get to Silverstone that they start to do serious updating, and by then they're behind the 8-ball badly. Then the drivers start trying to make up for the lack of developments by overdriving the car, getting caught up in mistakes.

Red Bull tested all kinds of different concepts at Bahrain testing, brought revisions to Jeddah, Melbourne, and then at Imola they found they sweet spot. And they didn't stop there. They brought more updates to Barcelona to keep ahead.

I'm starting to think Ferrari have logistic issues in machining their parts, which causes them to take long periods of time to bring updates.

 

Ferrari's problem is that they are living in a different century. They fantasize that they "deserve" to win, but they don't make the effort.

 

Don't think so,
Their biggest problem was Montezemolo not managing to hire Newey in 2014.

 

Curious how you know it was catering? was it last on list? was it the last thing they paid for on december the 31st at 23:59 2021? while no races was being held? LOL... Or do they tab it all year till december 31st?
Over is over, their is no we went over because we spent extra on catering, its over. they coud have moved funds from a different area, like ALL THE OTHER TEAMS DID.

No excuse.

 

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Montezemelo actually managed it, but just before the deal was supposed to be signed, Mattiacci came in and he thought Newey wasn't important. He send Gino Rosato to deal with Newey and pick him up from the airport. Rosato wasn't exactly a high ranking member and since everything at the time was being done at the highest of levels, Newey saw it as a huge insult, got straight back into the private jet and signed Red Bulls' new deal instead. His Ferrari deal was absolutely insane. Superstardom, hollywood deal, with a telephone number salary. Not only would he design the F1 cars (obviously), but also carte blance designing the road cars. Whilst the current road cars are great, I think we've been robbed of something crazy...

 

I suppose that each team had their account audited independently at their expense before submitting them to the FIA.
Auditors are chartered accountants, and sworn legal officers, whose job is to check the accounts of companies before they are presented to authorities like the IRS, the banks, etc ... They wouldn't sign an account and put their reputation at stake if they find something untowards. In UK at least, the word of a legal officer like a notary, a commissioner for oath or a chartered accounrtant is like Gospel for the authorities. That's why, I believe, they were accepted at "face value" by the FIA.

 

Wow i didn't know this precise story!
My goodness what a shame for the team and the Ferrari hypercar !
Thanks Bas.

 

So, Adrian Newey played the Prima Dona and expected a red carpet to make his entry at Maranello.

Hummm, maybe Newey wouldn't have fitted in the organisation with that attitude of entitlement.

 

Who knows ?
He did the same with Mateschitz (Valkyrie etc...) and the outcome is pretty positive for now.

 

Where did you get that from? I find quit strange that Newey expected to see the president to drive him from the airport. Actually, Gino Rosato is quite high ranking to do that.

 

Now who's "deflecting"? At least we agree, that ALL teams "cooked the books" to some extent ... and the FIA accepted the financial submissions from each team at face value

Again, I will accept the fines imposed on Red Bull by the FIA ... will you? The FIA wrote the rules, INCLUDING the fines. Will you accept the penalties? ANSWER THE QUESTION, please.


The evidence for the slight overspend on catering is MUCH stronger than any evidence that Mercedes had, when they publicly & falsely accused Red Bull of overspending $10M on car development:

https://www.autoracing1.com/pl/379699
https://www.crash.net/f1/news/1014387/1/red-bull-overspend-due-free-staff-lunch-every-day

"According to the FIA, the team’s catering budget accounts for almost all the breach. Daily free lunches for the team’s 1,000+ staff members at the company’s Milton Keynes HQ. In addition to free lunches and championship celebration catering costs, the report found that costs associated with absent staff also contributed to the breach. That, combined with some other factors, has put the team over the line, says the FIA."

 

I believe it's in his book.

Gino at the time was basically a glorified gofer. Don't get me wrong I really like the guy, but when before Di montezemelo is wooing Newey with trips at his fantastic mansion and then when he's gone, Ferrari sends a relatively low level guy to collect a signature, Newey saw it as a sign that they weren't all that serious about their problems. Remember at the time, Ferrari really wasn't in a great position.

 

Fake. FIA has given no details as to what / how much or any details of the breach, This can be read on the FIA's website.

" a report from Dutch newspaper Telegraaf says. https://www.crash.net/f1/news/1014387/1/red-bull-overspend-due-free-staff-lunch-every-day
" The Dutch newspaper De Telegraaf said" https://www.autoracing1.com/pl/379699
Not FIA said, They are claiming the FIA have said some thing, When the FIA has already said no details will be released yet.
Ill stick to the official FIA line rather than a Dutch newspaper.

P.S still doesnt alter the fact the broke financial regs

 

This is hard to believe, and it's totally unrelated to performance.

 

... and yet, you take Mercedes "word" as "truth" when they accuse Red Bull of overspending by $10M on car development

Why believe Mercedes, and no one else?

You are STILL deflecting: For the third time, Will you accept the fines imposed on Red Bull by the FIA? Or, will you wait until Mercedes responds to the fines, in order to agree with Mercedes?