F1 2022

[caroper]

Amazing how your assumption is that of "sweeping under the carpet". Obviously it's completely impossible that RB actually didn't breach the cap when their permissible exclusions are accounted for.

You obviously missed this post so I will expand the link for you:
https://twitter.com/BradleyPhilpot
https://twitter.com/BradleyPhilpot
@BradleyPhilpot

Rumours that the FIA have downgraded Red Bull to a procedural breach and that their interpretation was correct. Incredible if true. #F1

 

[Speedster]

You obviously missed this post so I will expand the link for you:
https://twitter.com/BradleyPhilpot
https://twitter.com/BradleyPhilpot
@BradleyPhilpot

Rumours that the FIA have downgraded Red Bull to a procedural breach and that their interpretation was correct. Incredible if true. #F1

I saw that post. My fascination is how you refuse to believe it is legit and default to an assumption of impropriety.

Try this example. I submit my tax return to SARS which shows that all my taxes are in order. SARS selects me for audit and determines I in fact owe them R1m. I lodge a dispute which SARS accepts and now I don't have to pay the R1m tax. Does this indicate corruption on the part of SARS / myself since my tax assessment of R1m has been "swept under the carpet"?

 

[Speedster]

Penalties incoming again this week. Starting us off is Monsieur le Clerc with 5 grid places for a new PU.

Currently le Clerc, Perez, Alonso and Zhou all up for grid penalties this week.

 

[Dave]

Why the **** is there a cap on catering anyway.

There isn't really, there is a cap on total spending by the team, RB seem to be pushing the "we forgot about catering" angle whereas the extra 2 million could really be allocated to any spend. They overspent on their total allowed spend.

 

[caroper]

I saw that post. My fascination is how you refuse to believe it is legit and default to an assumption of impropriety.

You are forgetting the post you gave a thumbs up in response to:

RacingNews365.com understands that the situation is fluid and if Red Bull are able to prove they were expecting some sort of rebate from HMRC, the FIA will look leniently on this figure...."

If that is true then a public reprimand will suffice.
No need for fines or points deductions, no cheating occurred and the Taxman is unpredictable.

What I am calling "Sweeping it under the carpet" is to make a secret deal without ever disclosing the facts.
If the facts are made public we can all decide if the findings are open and fair then there is no need for any assumption of impropriety.

 

[Speedster]

You are forgetting the post you gave a thumbs up in response to:


What I am calling "Sweeping it under the carpet" is to make a secret deal without ever disclosing the facts.
If the facts are made public we can all decide if the findings are open and fair then there is no need for any assumption of impropriety.

Where has there been a suggestion of a secret deal with no disclosure?

 

[quovadis]

Why the **** is there a cap on catering anyway.

There isn't They could just as well say they overspent by the same amount on any other item. It's just spin to deflect that the cap was exceeded and look it's because of catering.

 

[caroper]

Where has there been a suggestion of a secret deal with no disclosure?

All over the place in all of the media, because no facts have been released and everyone is speculating.
Or are you saying that you know that there was no overspend?
If it is not out in the open it is under the carpet.....

 

[Speedster]

All over the place in all of the media, because no facts have been released and everyone is speculating.
Or are you saying that you know that there was no overspend?
If it is not out in the open it is under the carpet.....

No, I am saying that there is a suggestion that the FIA may relent as RB have shown that they were in fact within the cap. There seems to be an ABA offer on the table which, if RB accept, will be made public. If RB don't accept then it goes to the adjudicators. No-one is saying that a deal should be done in secret.

 

[Speedster]

What makes the current cost cap regime ludicrous is that there was no independent verification of the numbers done by the FIA. Any of the teams could have submitted altered figures and we'd be none the wiser. In essence they've relied on the honesty of the teams and simply taken a view whether they agree with how the teams have applied the regulations.

 

[quovadis]

What makes the current cost cap regime ludicrous is that there was no independent verification of the numbers done by the FIA. Any of the teams could have submitted altered figures and we'd be none the wiser. In essence they've relied on the honesty of the teams and simply taken a view whether they agree with how the teams have applied the regulations.

I think there's probably some general right to audit by the FIA in terms of all aspects of a teams' F1 participation. I doubt any team would fudge their numbers considering the declarations that go with it. I believe they're assessed by an independent audit firm though similar to how financial statements are done.

 

[Speedster]

I think there's probably some general right to audit by the FIA in terms of all aspects of a teams' F1 participation. I doubt any team would fudge their numbers considering the declarations that go with it.

We'd hope so, but the FIA have said they didn't confirm the accuracy of the numbers at all. So all we have is hope.

 

[quovadis]

We'd hope so, but the FIA have said they didn't confirm the accuracy of the numbers at all. So all we have is hope.

You responded while I was editing my response. There is independent audit review of annual submissions.

 

[Speedster]

You responded while I was editing my response. There is independent audit review of annual submissions.

"The FIA would also note that with respect to this first year of the application of the Financial Regulations the intervention of the FIA Cost Cap Administration has been limited to reviewing the submissions made by the Competitors and that no full formal investigations were launched."

FIA completes review under the 2021 FIA Formula 1 Financial Regulations

• Nine teams confirmed under the 2021 Cost Cap Level• Aston Martin in Procedural Breach• Red Bull Racing in Procedural and Minor Overspend Breaches

www.fia.com

 

[quovadis]

"The FIA would also note that with respect to this first year of the application of the Financial Regulations the intervention of the FIA Cost Cap Administration has been limited to reviewing the submissions made by the Competitors and that no full formal investigations were launched."

FIA completes review under the 2021 FIA Formula 1 Financial Regulations

• Nine teams confirmed under the 2021 Cost Cap Level• Aston Martin in Procedural Breach• Red Bull Racing in Procedural and Minor Overspend Breaches

www.fia.com

Item d. It has to be determined to accurate and complete by Independent Audit.

 

[Sinbad]

There isn't They could just as well say they overspent by the same amount on any other item. It's just spin to deflect that the cap was exceeded and look it's because of catering.

My point is why is catering included in the cap. If anything it will decrease team performance by making the pit crew fat and slow

 

[quovadis]

My point is why is catering included in the cap. If anything it will decrease team performance by making the pit crew fat and slow

Materials team can design high performance heat dispersion materials and say it's just for pots and pans otherwise Also, maybe interns only work for food

 

[Naks]

https://twitter.com/i/web/status/1583630709151125505

 

[Naks]

https://twitter.com/i/web/status/1583633260500090880

 

[deesef]

I saw that post. My fascination is how you refuse to believe it is legit and default to an assumption of impropriety.

Try this example. I submit my tax return to SARS which shows that all my taxes are in order. SARS selects me for audit and determines I in fact owe them R1m. I lodge a dispute which SARS accepts and now I don't have to pay the R1m tax. Does this indicate corruption on the part of SARS / myself since my tax assessment of R1m has been "swept under the carpet"?

You owe SARS R1m Nice