Red Bull has copped a massive hike when it comes to F1 entry fees for 2023
Entry fees for next year’s F1 season have been revealed with Red Bull having to wear a steep increase following its success in this year’s championship.
Red Bull amassed 759 points across the 22-race season in which it claimed its first constructors’ championship since 2013.
Max Verstappen wrapped up his second drivers’ championship, too, with a comfortable 146-point margin to Charles Leclerc in second.
The Dutchman won a record 15 grands prix, while team-mate Sergio Perez claimed two of his own.
With entry fees based on the points attained in the preceding year, Red Bull, therefore, copped an eye-watering bill of $6.2 million simply for the rights to line up on next year’s grid.
A flat fee of $617,687 is payable by every team on the grid, plus a dollar value per point.
For the constructors’ championship winners, that is $7411 per point, with the nine other teams required to pay $6174.
As a result, Red Bull’s entry fee for the 2023 F1 season will be $6,242,636 – an increase of just under $2.3 million based on its entry fee for 2022.
There have been changes based on the CPI indexing, which last year saw the basic entry fee at $572,278, $6925 per point for the winner, and $5770 for all other teams.
As Mercedes won the constructors’ championship last year, its entry fee was $4,825,765, while Red Bull paid $3,955,613.
Under the 2023 Sporting Regulations, fees were payable to the FIA last Friday (December 10).
2023 Formula 1 entry fees
|Pos||Team||2022 Points||2023 Entry Fee||2022 Entry Fee||Difference|
|1||Red Bull Racing||759||$ 6,242,636.00||$ 3,955,613.00||$ 2,287,023.00|
|2||Scuderia Ferrari||554||$ 4,038,083.00||$ 2,443,873.00||$ 1,594,210.00|
|3||Mercedes-AMG F1 Team||515||$ 3,797,297.00||$ 4,825,765.50||$ -1,028,468.50|
|4||Alpine F1 Team||173||$ 1,685,789.00||$ 1,471,628.00||$ 214,161.00|
|5||McLaren F1 Team||158||$ 1,593,179.00||$ 2,164,028.00||$ -570,849.00|
|6||Aston Martin F1 Team||56||$ 963,431.00||$ 1,021,568.00||$ -58,137.00|
|7||Alfa Romeo F1 Team||55||$ 957,257.00||$ 652,288.00||$ 304,969.00|
|8||Haas F1 Team||37||$ 846,125.00||$ 577,278.00||$ 268,847.00|
|9||Scuderia AlphaTauri||35||$ 833,777.00||$ 1,396,618.00||$ -562,841.00|
|10||Williams Racing||6||$ 654,731.00||$ 709,988.00||$ -55,257.00|