Williams F1 team fined for financial rules procedure breach

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…