Reports emerged this week that multiple Formula 1 teams have broken the F1 cost cap, which Sky Sports News understands are not true; watch the Hungarian GP live on Sky Sports F1; lights out on Sunday at 2pm; F1 Juniors will be live on Sky Showcase and Sky Sports Mix
Wednesday 19 July 2023 18:46, UK
Allegations that multiple Formula 1 teams have broken the F1 cost cap are "factually wrong", Sky Sports News understands.
Reports have claimed at least two F1 teams broke the cost cap last year, but sources at the FIA have dismissed that as the auditing process is still ongoing and no decisions have been made.
The auditing fieldwork to see if the 10 teams are within the budget cap is ongoing and will be concluded in the coming weeks.
A period for the finalisation of the review will follow and any suggestions of delays to the process or potential breaches are understood to be completely unfounded.
The CCA (Cost Cap Adjudication) panel will formally communicate its findings later this year and there is no fixed time frame in order not to prejudice the robustness and the effectiveness of the review.
Almost all of the leading F1 teams have indicated they have not breached the budget cap and are continuing to work with the FIA.
The cost cap was introduced for the 2021 season and the current fieldwork is looking at the 2022 season, when the budget cap was $140m. The cap is $135m for this season and the following two campaigns up to and including 2025.
Last year, Red Bull were found guilty of a "minor overspend" and received a $7m fine plus a 10 per cent reduction to their wind tunnel time for this season.
Also announced in October 2022, Williams and Aston Martin were fined for procedural breaches of the cost cap.
Thursday July 20
2pm: Drivers' press conference
Friday July 21
8:55am: F3 Practice
10am: F2 Practice
12pm: Hungarian GP Practice One (session starts 12:30pm)
2pm: F3 Qualifying
2:45pm: F2 Qualifying
3:40pm: Hungarian GP Practice Two (session starts 4pm)
5:15pm: The F1 Show
Saturday July 22
8:45am: F3 Sprint
11:15am: Hungarian GP Practice Three (session starts 11:30am)
1:10pm: F2 Sprint
2:15pm: Hungarian GP Qualifying build-up (Sky Showcase)
3pm: HUNGARIAN GP QUALIFYING (Sky Showcase)
5pm: Ted's Qualifying Notebook
Sunday July 23
7:20am: F3 Feature Race
9am: F2 Feature Race
11am: Porsche Supercup
12:30pm: Grand Prix Sunday - Hungarian GP build-up
1:30pm: F1 Juniors: Hungarian Grand Prix (Sky Sports Mix and Sky Showcase)
2pm: The HUNGARIAN GRAND PRIX
4pm: Chequered Flag: British GP reaction
5pm: Ted's Notebook
Daniel Ricciardo's return and first F1 Juniors broadcast headline the Hungarian Grand Prix! Watch all the action live on Sky Sports F1 from July 21-23. Get Sky Sports
