F1 teams face massive entry fee increase

The Formula One teams will face a massive increase in entry fees for the 2013 campaign. The FIA, which is the sport’s Governing body, has raised the fees from the usual €309,000 for all teams, to a price based on results.

All teams will now pay a basic $500,000. After this, the constructors champions will pay $6,000 per point scored, and all the others paying $5,000 per point.

As a result, Red Bull are looking at having to pay roughly £2 million next year.

The teams have all accepted the change, although some are not especially happy about it.

However, Mercedes team principal Ross Brawn said: “We would be delighted to pay it because we would be scoring a lot of points. In fact, if you’re a mid-range team, and considering the fact that all the extra facilities that we pay for separately at the moment are rolled into that entrance fee, I think for a lot of teams it’s going to be very similar.”

“It’s going to make more substantial difference for those teams who finish in the top three or four of the championship. I was being a bit flippant, but obviously I hope that we can have that problem next year.”

The FIA says it needs to raise the fees so it can afford to continue with its role as the global motorsport authority, and the representative of motor clubs worldwide.

Advertisements

Leave a comment

Filed under F1

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s