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
Why Francesco Bagnaia seems closer to leaving Ducati...
No description available...
1d ago from Motorsport.com
Jorge Martin likely to miss Sepang MotoGP test after...
No description available...
1d ago from Motorsport.com
Yamaha admits 2026 MotoGP performance will decide...
Yamaha knows it must deliver a more competitive 2026 MotoGP bike to...
1d ago from MotorsportWeek.c...
Trackhouse Aprilia launches two liveries ahead of 2026...
Trackhouse Aprilia satellite team has launched its two new liveries in...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter Racing reveals multiple organizational...
No description available...
1d ago from Motorsport.com
Will Power sees ‘all the ingredients’ for a...
Will Power is approaching the beginning of his new IndyCar chapter, with...
1d ago from MotorsportWeek.c...
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
2d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Monte Carlo: Oliver Solberg takes early lead...
No description available...
13h ago from Motorsport.com
The headaches facing WRC crews ahead of a ‘proper...
No description available...
22h ago from Motorsport.com
Can Lancia enjoy success on its anticipated WRC return?
No description available...
21h ago from Motorsport.com
Sebastien Ogier still has motivation “to go for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
“I have to apologise” - Chelsea icon Marcel...
Chelsea legend Marcel Desailly has issued an apology to Arsenal defender...
29m ago from SportsKeeda.com
Major transfer hint as Arsenal star changes agents...
Arsenal striker Gabriel Jesus has reportedly changed agents, with Fabrizio...
1h ago from CaughtOffside.com
Worrying update surely means Arsenal need to break the...
Arsenal reportedly have some concerns about Kai Havertz's long-term...
2h ago from CaughtOffside.com
Let's wait and see on Kai's knee
Morning all, happy Friday to you. Let's start with some reporting around...
3h ago from Arseblog.com
Comments
Hottest News
New Ferrari livery F1 2026 - first images
The brand-new Ferrari SF-26 2026 F1 car has been... Read More »
59m ago from RacingNews365.com
Meet Ferrari's striking 2026 Formula 1 car, the SF-26
Scuderia Ferrari have revealed their 2026 Formula... Read More »
39m ago from GrandPrix247.com
F1: Ferrari unveils the SF-26
Ferrari has launched the SF-26, the car with... Read More »
39m ago from Pitpass.com
