FIA postpones budget cap report

Formula One chiefs have postponed the release of findings into claims the sport's spending budget has been exceeded, a point of contention that sparked a bitter war of words at the Singapore Grand Prix.

"The conclusion of the analysis of the 2021 financial submissions of the Formula 1 teams and the subsequent release of Certificates of Compliance to the Financial Regulations will not take place on Wednesday, October 5," said a International Automobile Federation (FIA).

"The analysis of financial submissions is a long and complex process that is ongoing and will be concluded to enable the release of the certificates on Monday, October 10."

Rumours had swirled around the paddock at the Singapore Grand Prix last weekend after two European publications, Auto Motor und Sport in Germany and Italy's Gazzetta dello Sport, claimed Red Bull and Aston Martin had broken the 2021 spending ceiling.

The FIA introduced the budget cap, set at $145 million, for the first time last year to make racing more competitive.

Red Bull chief Christian Horner said accusations aimed at his team were "hugely defamatory".