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WILLIAMS are the first Formula One team to be fined by the FIA after breaching budget cap regulations.The cost cap for the 2022 season was reduced to £111million from £115m the previous year.
Williams are the first team to be fined for breaching the cost cap rulesCredit: Getty
But Williams have received a £20,000 fine for a “procedural breach” carried over from their accounts for the 2021 season.
The team failed to submit a full year of accounts ahead of the deadline on March 31, 2022, so they have been punished as a result.
Williams “voluntarily disclosed” the breach before confirming they would be “fully cooperative in seeking to remedy the breach”.
They agreed to the punishment but were required to complete their accounts by the end of May and cover costs from the cost cap administration process.
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A statement from F1’s governing body, the FIA, said: “The decision of the Cost Cap Administration to enter into the abovementioned ABA constitutes its final decision resolving the matter and is not subject to appeal.
“Any non-compliance by Williams with any terms of the agreement would result in a further procedural breach and automatic referral to the Cost Cap Adjudication Panel.”
Red Bull principal Christian Horner had previously warned the FIA that teams could miss races this season if the budget cap is not relaxed.
He said: “Seven of the teams would probably need to miss the last four races to come within the cap this year.
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“It’s not just about the big teams. It’s teams in the middle of the field who are really struggling with inflationary issues.
“The FIA has a duty of care. I know they are taking it seriously.
“Energy bills, costs of living, costs are going exponentially, and F1 is not exempt.
“Freight has quadrupled and that’s not something we can control.”
Ferrari, Mercedes and McLaren all agree with Horner that the budget needs to be increased.
However, Williams, Alfa Romeo, Alpine, and Haas voted against the proposal. More

FORMULA ONE’S Sergio Perez has issued a public apology to his wife after being filmed dancing with mystery women in Monte Carlo.Videos emerged of Perez celebrating his victory at the Monaco Grand Prix on what appeared to be a yacht.
Sergio Perez was caught on camera getting up close and personal with a mystery brunette after the Monaco GPCredit: Social Media
Sergio Perez was forced to publicly apologise after he was filmed dancing with a mystery blonde with his hands around her waistCredit: Social Media
Sergio Perez issued a public apology to his wife Carola Martinez after being filmed partying with mystery women in Monaco
The Mexican racer, 32 , got up close and personal with a brunette before dancing with his arms around a blonde’s waist.
The Red Bull driver took “responsibility” for his actions but insisted that he and his wife Carola Martinez are “more united than ever”.
Perez reportedly posted on Instagram: “I have seen the videos that have been circulating about me and I take responsibility for it.
“It was a bad party that I didn’t know how to control at the height of the person that I am, but it was just that, a very bad party.
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“People close to me know my values and the type of person that I am.
“For those who ask me, we are more united than ever, me and my wife.
“And for those who just want to hurt us, I wish you the best. Thank you all for your love and I apologise to all the people who love me because those videos don’t represent me not at all.
“We will not talk about this topic anymore, which only makes us forget the great moment we are living as a family. Thank you.”

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Perez snatched his first victory of the season at the Monaco GP last month.
The 32-year-old was later rewarded with a brand new two-year contract by Red Bull.
The Mexican star is third in the F1 drivers’ standings behind defending champion and team-mate Max Verstappen as well as Ferrari’s Charles Leclerc.
Perez said: “For me, this has been an incredible week, winning the Monaco Grand Prix is a dream for any driver and then to follow that with announcing I will continue with the team until 2024 just makes me extremely happy.
“I am so proud to be a member of this team and I feel completely at home here now.
“We are working very well together and my relationship with Max, on and off the track, is definitely helping drive us forward even more.
“We have built tremendous momentum as a team and this season is showing that, I am excited to see where that can take us all in the future.”
Perez was celebrating victory in Monaco when he was caught on camera dancing with mystery women
Perez says he and wife Carola Martinez are ‘more united than ever’ despite publicly apologising More

SIR LEWIS HAMILTON swapped the race-track for the Tube as he spent the Jubilee weekend back home in the UK visiting family and friends.The F1 legend took a ride on the Underground for the first time in years and clearly enjoyed the trip down memory lane.
Lewis Hamilton seemed to enjoy his trip on the Underground
The F1 star was spotted at High Street Kensington and Notting Hill stations
Hamilton also spent the weekend visiting friends and family
Hamilton, 37, revealed he has missed the London streets and shared a glimpse of his adventures around the Big Smoke on Instagram.
He posted a video showing him at High Street Kensington and Notting Hill station, while also posing for photos with London Underground staff.
The F1 star captioned the post: “Had such a great weekend with family and friends.
“Walked around London and got on the tube last night which is something I hadn’t done in years.
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Sport.css-1gojmfd{margin-bottom:16px;}.css-gmec1d{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;height:auto;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-align-content:center;-ms-flex-line-pack:center;align-content:center;-webkit-box-flex-wrap:nowrap;-webkit-flex-wrap:nowrap;-ms-flex-wrap:nowrap;flex-wrap:nowrap;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:flex-start;justify-content:flex-start;margin-left:calc(-20px/2);margin-right:calc(-20px/2);}.css-fh9577{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;margin-left:calc(20px/2);margin-right:calc(20px/2);}.css-65fvqt{max-width:302px;max-height:294px;}.css-h98a3b{box-sizing:border-box;overflow:hidden;background-color:rgba(236,245,247,1);-webkit-text-decoration:none;text-decoration:none;position:relative;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:column;-ms-flex-direction:column;flex-direction:column;max-width:302px;max-height:294px;}.css-bk55po{box-sizing:border-box;display:block;position:relative;margin-bottom:0;}.css-1shocxe{box-sizing:border-box;}.css-1a2irou{box-sizing:border-box;padding:0;}.css-1a2irou 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.nk-headline-heading{color:rgba(71,30,121,1);}.css-1uyse24:before{content:”;top:0;right:0;bottom:0;left:0;overflow:hidden;position:absolute;z-index:1;}.css-xpuujo{border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(149,199,208,1);padding:12px;max-height:104px;min-height:98px;}.css-tqcu81{padding:0;border-width:0 1px 1px 1px;border-style:solid;border-color:rgba(149,199,208,1);padding:12px;max-height:104px;min-height:98px;}.css-124tga5{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-5jzxpx{overflow:hidden;-webkit-line-clamp:3;-webkit-box-orient:vertical;display:-webkit-box;word-wrap:break-word;line-height:1;}.css-bq4915{margin:0;padding:0;color:rgba(34,97,108,1);text-transform:uppercase;-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-bq4915:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}HOMECOMING .css-8h3gc3{margin:0;padding:0;color:rgba(34,37,38,1);-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-8h3gc3:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}Hamilton sets struggling Mercedes team until British GP in July to battle rivals
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“Feeling refreshed for the week ahead. Sending you all love and light.”
Hamilton will now travel to Azerbaijan and it appears he is looking to getting back on the track at the Baku City Circuit.
The Mercedes star needed some time off to relax and re-energise after a tough start to the season.
Hamilton has just one podium to boast of and issues with his Mercedes have plagued him throughout.

As a result he sits sixth in the overall standings, behind team-mate George Russell.
Away from racing he has also been embroiled in an ongoing dispute with the FIA over rules banning drivers from wearing piercings and jewellery.
Despite his struggles Hamilton is still enjoying racing and has no plans to stop any time soon.
He said: “Why should I stop?
“Let’s take this season. I probably won’t win the title, but I feel the same pleasure of competing as when I started.
“Maybe one day I won’t be able to take the pressure any more, I’ll be tired, but that day hasn’t come yet.” More

FORMULA ONE’S Sergio Perez has issued a public apology to his wife after he was filmed dancing with mystery women in Monte Carlo.Videos emerged of Perez celebrating his victory at the Monaco Grand Prix on what appeared to be a yacht.
Sergio Perez was caught on camera getting up close and personal with a mystery brunette after the Monaco GPCredit: Social Media
Sergio Perez was forced to publicly apologise after he was filmed dancing with a mystery blonde with his hands around her waistCredit: Social Media
Sergio Perez issued a public apology to his wife Carola Martinez after being filmed partying with mystery women in Monaco
The Mexican racer, 32 , got up close and personal with a brunette before dancing with his arms around a blonde’s waist.
The Red Bull driver took “responsibility” for his actions but insisted that he and his wife Carola Martinez are “more united than ever”.
Perez reportedly posted on Instagram: “I have seen the videos that have been circulating about me and I take responsibility for it.
“It was a bad party that I didn’t know how to control at the height of the person that I am, but it was just that, a very bad party.
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Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-bq4915:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}MAC ATTACK .css-8h3gc3{margin:0;padding:0;color:rgba(34,37,38,1);-webkit-text-decoration:none;text-decoration:none;font-family:The Sun;font-size:18px;line-height:1.333;font-weight:700;letter-spacing:0%;font-stretch:normal;display:inline;}.css-8h3gc3:hover:not(:disabled){-webkit-text-decoration:none;text-decoration:none;}‘F*** ‘em all’ – F1 star Daniel Ricciardo takes X-rated swipe at critics
“People close to me know my values and the type of person that I am.
“For those who ask me, we are more united than ever, me and my wife.
“And for those who just want to hurt us, I wish you the best. Thank you all for your love and I apologise to all the people who love me because those videos don’t represent me not at all.
“We will not talk about this topic anymore, which only makes us forget the great moment we are living as a family. Thank you.”

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Perez snatched his first victory of the season at the Monaco GP last month.
The 32-year-old was later rewarded with a brand new two-year contract by Red Bull.
The Mexican star is third in the F1 drivers’ standings behind defending champion and team-mate Max Verstappen as well as Ferrari’s Charles Leclerc.
Perez said: “For me, this has been an incredible week, winning the Monaco Grand Prix is a dream for any driver and then to follow that with announcing I will continue with the team until 2024 just makes me extremely happy.
“I am so proud to be a member of this team and I feel completely at home here now.
“We are working very well together and my relationship with Max, on and off the track, is definitely helping drive us forward even more.
“We have built tremendous momentum as a team and this season is showing that, I am excited to see where that can take us all in the future.”
Perez was celebrating victory in Monaco when he was caught on camera dancing with mystery women
Perez says he and wife Carola Martinez are ‘more united than ever’ despite publicly apologising More