Williams F1 team fined for financial rules procedure breach – Motorsport.com

The FIA said Williams had failed to submit its complete full year reporting documentation from 2021 by the 31 March 2022 deadline, as required by article 5.1 of the sport’s financial regulations introduced in 2021.
Williams was notified of the breach in April by the FIA’s Cost Cap Administration, and the Grove team dully collaborated with the FIA in order to rectify the breach.
The governing body said the team had entered into an ABA (Accepted Breach Agreement) that translated into a $25,000 fine.
The FIA said in a statement: “Having considered Williams’ explanation and given in particular that the Procedural Breach was voluntarily disclosed by Williams in advance of the Full Year Reporting Deadline of 31 March 2022 and Williams has been fully cooperative in seeking to remedy the breach, the Cost Cap Administration deemed it appropriate to offer Williams an ABA resolving the breach on the terms set out below. That offer was accepted by Williams.”
According to the FIA, Williams also agreed to remediate the procedural breach by no later than 31 May 2022, and to “bear the costs incurred by the Cost Cap Administration in connection with the preparation of the ABA”.
“The decision of the Cost Cap Administration to enter into the above-mentioned ABA constitutes its final decision resolving the matter and is not subject to appeal,” the statement added.
“Non-compliance by Williams with any terms of the ABA will result in a further Procedural Breach under Articles 6.30 and 8.2(f) of the Financial Regulations and automatic referral to the Cost Cap Adjudication Panel.
“The Cost Cap Administration confirms that, as of the date hereof, Williams has within the specified deadline remediated the Procedural Breach, paid the Financial Penalty, and bore the costs incurred by the Cost Cap Administration in connection with the preparation of the ABA.”
Alex Albon, Williams FW44
Photo by: Mark Sutton / Motorsport Images
The current budget cap introduced in 2022 is $140m for the year, with an extra $1.2m for a 22nd race.
Red Bull team principal Christian Horner said last month his team could be forced to miss some races unless the cap is adjusted to match inflation levels.
F1 teams have yet to agree on a direction for addressing the inflation, with several of the smaller teams arguing that it would set a bad precedent to revise the cap.
Ferrari’s Mattia Binotto warned there was way his team would be able to fall under the cap, but was unclear on what the consequence would be as there is no fixed penalty for what is known as a ‘minor’ breach of the rules within 5% percent of the limit.
Horner said: “I think all the major teams are going to breach that $140m cap this year. But what is the penalty for a minor breach?
“What we don’t want to do is end up is playing a game of chicken as to say, do you go for 4.9 per cent over, do we go for 4.7%? And that could be one upgrade: that could be the differentiating factor of this world championship.
“I think what we do need is clarity and clarity quickly.”
Marko: AlphaTauri the best alternative for Gasly after Perez deal
The overlooked flaws of the 2022 F1 cars that Baku will expose
Marko: AlphaTauri the best alternative for Gasly after Perez deal
Ferrari extends Sainz’s F1 deal to the end of 2024
Russian karter loses racing licence over alleged Nazi salute
Russell: Albon has done “exceptional job” as Williams F1 replacement
The heart-warming story behind Albon’s red hair craze
The driver comeback story to watch in F1 2022
Norris: Race out of pits more dangerous than driving slowly
F1 eyes tweaks to pitlane queue rules after Haas investigation
Alonso refutes Albon claims he was playing tricks in Baku F1 qualifying
Russell: “Only a matter of time” before dangerous F1 bouncing goes wrong
Why Leclerc could be only three laps short of a Baku F1 upset
Circuits with high top speeds have generally been Red Bull’s speciality so far this season but in the opening pair of practice sessions at Baku, Ferrari closed out Friday’s running on top with a good straightline speed advantage. But with Red Bull rival Max Verstappen out of sync in his practice runs, Ferrari and Charles Leclerc may not have seen his best.
The key strength Schumacher can rely on as Haas decides his F1 future
Michael Schumacher’s son has served his apprenticeship with a Haas team that brought up the rear of the Formula 1 field in 2021. Now he has a good car and a proper team-mate, he has to prove he belongs in F1. But his record to date, while not showing any points finishes, reveals there is plenty of promise he can build on
How classic Alonso strengths are helping him in a critical F1 phase 
Fernando Alonso has been involved in F1 for over two decades and shows no signs of slowing down. Ben Edwards digs into the work ethic and team-building ability which underpins Alonso’s longevity.
The overlooked flaws of the 2022 F1 cars that Baku will expose
OPINION: Though Formula 1’s return to ground-effect may have boosted overtaking, the other clear by-product of the technical overhaul has been weight gain. With wet conditions in Monaco stealing the show, the greatest shortcomings of the new rules will be on clear display at this weekend’s Azerbaijan Grand Prix
Is F1 barking up the wrong tree with its anti-jewellery stance?
In a new regular column, Maurice Hamilton draws on his decades of grand prix experience to give an alternative take on the news. First up, he ponders the ongoing brouhaha over jewellery…
The contrasting temperaments that could prove key in F1 2022 title fight
For the first time in a decade, Red Bull and Ferrari are properly fighting it out for the world championship – and, as Stuart Codling reveals, the duelling drivers are children of the 1990s who are picking up a similarly old grudge match from where they left off…
How star-studded Miami Grand Prix reveals F1’s direction of travel
Home to many a cinematic car chase, Miami has made a visually dramatic impact on the F1 calendar too – as one wag put it, they paved a parking lot and put up a paradise. GP Racing’s STUART CODLING was on the scene to sample a world of celebrities, fake marinas and imperilled six-foot iguanas…
Porpoising: A lesson from history and one of F1’s greatest teams
Although the 2022 Formula 1 season is destined to be forever linked to the word ‘porpoising’, this is not a new phenomenon. In fact, it’s a problem that was identified at the start of the first ground-effects era and has returned with a change in the rules that once more allow downforce-generating floors.


Leave a Comment

Your email address will not be published.

You may also like