Williams Racing was handed a $25,000 fine after breaching Formula One’s cost cap regulations when it missed a deadline to file the team’s 2021 accounts, the FIA announced.
The sport’s governing body released the public summary of an “accepted breach agreement” dated May 19, 2022.
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.