News Details
First team penalised by FIA for violating new budget rules
Formula 1 teams have had to adhere to a budget cap since last year. This not only means that the teams are not allowed to spend too much money, but also that teams must be transparent when it comes to financial administration. For example, all teams have to hand over their annual reports to the FIA for inspection. Williams did not do this in time and have been penalised. Article continues under ad Williams violates financial regulations All teams were required to submit their 2021 financial records to the FIA by March 31, 2022. Williams failed to meet the deadline, which the team informed the FIA before the deadline, and was informed by the Cost Cap Administration on April 12 that the team...
Full Story »
Full Story »
3y ago from GPBlog.com
0
You May Also Be Interested In...
First team penalized by FIA for violating new budget...
Formula 1 teams have had to adhere to a budget cap since last year. This...
3y ago from GPBlog.com
Steiner: F1 teams must make budget cap work 'one way...
Haas team boss Guenther Steiner says all F1 teams must make this year's...
3y ago from F1i.com
Williams fined for budget cap procedural breach
Williams has been fined for a procedural breach of Formula 1’s financial...
3y ago from MotorsportWeek.com
FIA penalise F1 team Williams for budget cap breach
Article To news overview © XPB Images Williams F1 have been punished by...
3y ago from RacingNews365.com
Elsewhere On The Network
Popular On MGPToday.com
How 2025 became Marc Marquez’s most dominant MotoGP...
No description available...
20h ago from Motorsport.com
Unpacking the art of value betting in MotoGP
Value betting in MotoGP is a strategic blend of data analysis,...
1d ago from MotorsportWeek.c...
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
4d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
1w ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou will not play it safe in Portland to secure...
No description available...
16h ago from Motorsport.com
IndyCar Laguna Seca – Race Results
IndyCar traveled clear across the country since last weekend’s race,...
2d ago from MotorsportWeek.c...
Colton Herta praises IndyCar's delayed cautions;...
No description available...
1d ago from Motorsport.com
The winners and losers from IndyCar’s Grand Prix of...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
4d ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“There was no need for this story” - Sporting star...
Manchester United target Pedro Gonçalves has revealed that he spoke to...
1h ago from SportsKeeda.com
What's left?
Good morning. I'm back in Dublin and I've had a decent night's sleep, so I...
1h ago from Arseblog.com
Agreement reached: Liverpool beat Arsenal to the...
Liverpool have secured a deal to sign promising young striker Will Wright...
3h ago from CaughtOffside.com
Report: Forward ‘increasingly likely' to leave...
Arsenal could be set for a significant shake-up in attack this summer....
13h ago from FreshArsenal.com
Comments
Hottest News
Breaking: Audi announces title sponsor for new F1 team
Audi is joining F1 in 2026, and has bagged a new... Read More »
2h ago from RacingNews365.com
Pierre Gasly envisages Christian Horner F1 return after Red...
Pierre Gasly believes Red Bull exit will not be... Read More »
1h ago from MotorsportWeek.com
McLaren chief Zak Brown shares Christian Horner 'shame'...
McLaren boss Zak Brown has admitted he felt it... Read More »
34m ago from GPFans.com
