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Williams ‘unlocked exemption’ in crucial F1 rule
Williams Team Principal James Vowles has confirmed that the team has received a Capital Expenditure exemption, following negotiations between all 10 Formula 1 teams. Talks regarding raising the CapEx were held midway through the season, allowing teams like Williams to invest in new infrastructure. After extended discussions, an agreement was reached to increase expenditure and catch up to rival teams. Williams’ revenue surge in 2022 aligns with their growth plans, which have been made possible by the CapEx exemption. Vowles emphasized the importance of teams working together and mentioned that significant changes are in store for Williams, resulting in a noticeable increase in expenditure.
Source: RacingNews 365
