Winning 21 out of the 22 Grand Prix races that took place in the 2023 Formula 1 season, Red Bull clearly obliterated competition to dominate its way to the constructors’ championship which also saw its first-ever 1-2 finish in drivers’ championship. As a result, the Milton Keynes-based team now has to pay over $7.4 million or about Rs 62 crore for its entry into the 2024 F1 season!
Since 2013, the FIAhas based entry fees for each competitor on the number of points scored in the previous season.Originally, constructors had to pay a base fee of $500,000 (INR 4.17 crore) plus $5,000 (INR 4.17 lakh) per point scored, with the constructors’ champion paying $6,000 (INR 5 lakh). Due to inflation, the base entry fee for 2024 stands at $657,837 (INR 5.48 crore), plus $6,575 (INR 5.48 lakh) per point scored for all teams apart from the constructors’ champion which must pay $7,893 (INR 6.58 lakh) per point from last season.
After scoring a whopping 860 points in 2023, Red Bull’s entry for 2024 will now cost them $7,445,817 or Rs 62.03 crore, which needs to be submitted to the FIA by December 10, 2023 to have its entry confirmed. Red Bull’s dominance means that it has to pay more than the entry fees of runner-up Mercedes and third-placed Ferrari combined!
Since 2013, the FIAhas based entry fees for each competitor on the number of points scored in the previous season.Originally, constructors had to pay a base fee of $500,000 (INR 4.17 crore) plus $5,000 (INR 4.17 lakh) per point scored, with the constructors’ champion paying $6,000 (INR 5 lakh). Due to inflation, the base entry fee for 2024 stands at $657,837 (INR 5.48 crore), plus $6,575 (INR 5.48 lakh) per point scored for all teams apart from the constructors’ champion which must pay $7,893 (INR 6.58 lakh) per point from last season.
After scoring a whopping 860 points in 2023, Red Bull’s entry for 2024 will now cost them $7,445,817 or Rs 62.03 crore, which needs to be submitted to the FIA by December 10, 2023 to have its entry confirmed. Red Bull’s dominance means that it has to pay more than the entry fees of runner-up Mercedes and third-placed Ferrari combined!
Dubai turns Mecca for Porsche fans, Mission X, Vision 357 and more: Icons of Porsche 2023 | TOI Auto
Take a look at how much each constructor needs to pay to FIA before December 10 to participate in Formula 1 in 2024 –
| Constructor | Points (2023) | Base fee | Per point fee | Total |
| Red Bull | 860 | Rs 5.48 crore | Rs 6.58 lakh | Rs 62.03 crore |
| Mercedes | 409 | Rs 5.48 crore | Rs 5.48 lakh | Rs 27.88 crore |
| Ferrari | 406 | Rs 5.48 crore | Rs 5.48 lakh | Rs 27.72 crore |
| McLaren | 302 | Rs 5.48 crore | Rs 5.48 lakh | Rs 22.02 crore |
| Aston Martin | 280 | Rs 5.48 crore | Rs 5.48 lakh | Rs 20.82 crore |
| Alpine | 120 | Rs 5.48 crore | Rs 5.48 lakh | Rs 12.05 crore |
| Williams | 28 | Rs 5.48 crore | Rs 5.48 lakh | Rs 7.01 crore |
| AlphaTauri | 25 | Rs 5.48 crore | Rs 5.48 lakh | Rs 6.85 crore |
| Alfa Romeo | 16 | Rs 5.48 crore | Rs 5.48 lakh | Rs 6.36 crore |
| Haas | 12 | Rs 5.48 crore | Rs 5.48 lakh | Rs 6.14 crore |
Talking about the record-breaking fee that Red Bull is paying to FIA for the 2024 F1 season with Motorsport.com, team principal Christian Horner said, “It’s a luxury problem to have because we’ve had to score the points to generate the invoice. Thankfully, it’s outside of the budget cap. But, yeah, it’s a big cheque to be writing to the FIA.”
Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.