Williams handed $35mn boost for 2023 after taking conglomerate to court

Williams had taken former sponsor ROKiT to court following their refusal to pay the team the money that they owed them.

Williams are one of the most iconic and historically successful teams in the sport, however their fortunes have not been as pleasant in recent years, with the team confined to the back of the grid for a number of years.

In a bid to aid their financial struggles, Williams joined forces with ROKiT in 2019 on a three-year contract, which was further extended but another two years.

The technology company looked forward to sharing a long and successful partnership with Williams, however at the start of the COVID-19 pandemic in 2020 ROKiT went back on their deal with the team and left them without a title sponsor.

With the company being locked into a long-term contract with the team they could not just walk away from the deal, and agreed to pay Williams what they owed them in instalments over the coming years.

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Williams claimed to have never received the money and took ROKiT to court, where arbitrators found that the company had indeed failed to pay the team the promised money, and rejected claims from ROKiT that Williams has not fulfilled their obligations in the deal.

The federal court in Los Angeles has now awarded Williams with victory in the court, demanding that ROKiT pay $35.7 million to the team alongside covering their legal fees, which total another million dollars.

Williams currently remain without a title sponsor following the end of their partnership with ROKiT, but the Williams family sold the team back in 2020 to a US-based private investment firm call Dorilton Capital.

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ROKiT remain involved in motorsport despite their fallout with Williams, as the tech company continue to sponsor the Venturi Formula E team.

Williams will be looking to slowing make their way back up the grid once again in 2023, with Alex Albon and rookie Logan Sargeant breathing a new breath of life into the team, who have struggled in recent seasons to challenge the midfield.

George Russell looked key to the resurgence of the team, but it was clear that he would eventually make the step up to race for Mercedes, leaving Williams back at square one as they look to return to their glory days of race victories and championship winners.