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
Construction moving forward at Buenos Aires for...
No description available...
13h ago from Motorsport.com
Ducati playing “catch-up” to Aprilia but insists...
No description available...
18h ago from Motorsport.com
Massimo Rivola: Aprilia has become the ‘benchmark’...
Massimo Rivola has admitted that Aprilia has become the current reference...
20h ago from MotorsportWeek.c...
Why Gresini has flirted with leaving Ducati in MotoGP
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
4d ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
5d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
6d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
4d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
1w ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sporting vs Arsenal Prediction and Betting Tips |...
Sporting will entertain Arsenal at the Estádio José Alvalade in the...
10h ago from SportsKeeda.com
'You just cannot put your hands on a referee' - Former...
Former PL referee Mark Halsey has criticized Arsenal star Gabriel...
9h ago from SportsKeeda.com
Former Arsenal star explains what needs to happen for...
Former Arsenal star Tony Cascerino has weighed in on what should happen...
10h ago from SportsKeeda.com
Arteta’s ChatGPT Guardiola-ism is down but history...
quadruple dream may be dead but Arsenal are now just four games from...
10h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton to Win a Grand Prix Before Charles Leclerc,...
The 2026 Formula One season is barely a handful... Read More »
39m ago from Formula1News.co.uk
Oscar Piastri expresses surprise at 'fundamental overhaul'...
F1 2026 is not quite what Oscar Piastri expected,... Read More »
1h ago from RacingNews365.com
Mercedes in trouble, Newey stunner and Leclerc...
A double FIA ruling could prevent Mercedes'... Read More »
8h ago from GPFans.com
