Williams was fined for violating financial regulations

team Williams Had to face a $ 25,000 fine for violating financial regulations Equation 1 The FIA ​​did not submit all the required documents for the 2021 fiscal year within the set deadline.

“Williams admits that he violated Section 5.1 (b) of the Treasury Regulations because he did not submit it as part of a full-year document for the fiscal year ending December 31, 2021.All documents for the entire fiscal year prior to the March 31, 2022 deadline. “, The FIA ​​pointed out in a statement that the British team said in a statementI have violated the procedure under Article 8.2 (e) of the Financial Regulations. “

Thus, Williams is the first team to be fined for violating this new regulation, launched in 2021 to introduce a budget cap that controls and limits the costs of F1 teams. .. This year’s budget is capped at € 135 million ($ 145 million) and the team is in all areas, especially transportation.

As a result, even the Red Bull team principal said, “Seven teams could miss the last four races to meet this year’s spending cap.” In addition, the group needs to improve the current single-seater and presents improvements, recognizing that each step is a little closer to that limit.