Williams have won $35.7 million in arbitration against ROKiT, the team’s title sponsor in 2019 and 2020.
ROKiT became Williams’s title sponsor back in 2019 after having signed a three-year contract. Later on, the deal was extended and ROKiT were set to cooperate with Williams until 2023.
However, ROKiT suddenly decided to end the partnership and left the team ahead of the start of the 2020 season.
After an arbitration process, it was decided that ROKiT would have to pay the compensation of $35.7m to Williams. The arbitrator Klaus Reichert SC discovered that the former sponsors in fact had not paid the team during the cooperation despite the promises to do so.
At the same time, ROKiT’s accusations of Williams having not fulfilled the contract obligations after January 1st, 2020 were rejected.