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Williams fined for missing F1 cost cup deadline
Williams were fined $25,000 for breaching Formula 1's cost cap regulations by missing a deadline to file the team's 2021 accounts, the governing FIA confirmed this week. It reported that an ‘accepted breach agreement' dated May 19, 2022, was entered into by the FIA and Williams Grand Prix Engineering Limited. Williams were notified on April 12 that they had committed a procedural breach after the team voluntarily disclosed the problem ahead of the March 31 full-year reporting deadline. The matter has since been resolved and Williams have paid the penalty. The former F1 champions are the first to be punished for a breach of the cost cap regulations which limit F1 teams to spending of...
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1y ago from GrandPrix247.com
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