Red Bull now forced to pay $3.26 million as the time limit for entry fees for 2013 season Formula 1 world championship closes.
Formula 1 governing body FIA decided to increase teams’ entry fees for 2013 season world championship. Last months the paddock talks this matter. Finally governing body decided to rising entry fees following the new fees system added with2013 Sporting Regulations.
The new fees system more effecting on championship winner, they must pay a premium price with entry fees. This season constructors’ champions will pay base $500,000 and $6000 per point. Other each team needs to pay entry fees $500,000 with $5000 per points.
Leading sources reveal the last year’s world championship standings; it means teams will see their entry fee costs rise from last year’s standard rate of 309,000 Euro ($397,899) to:
“The smallest teams will pay less, as they will pay $500,000 – $800,000. So that is about six teams out of 12, the biggest teams with the biggest revenues will pay more.” Jean Todt told Autosport.
“I feel in any democratic country you are paying your taxes depending on your income. So it will generate about 30 per cent more from this side.”
2013 F1 Teams Entry Fees
Red Bull (460 points) $3.260 million
Ferrari (400 points) $2.500 million
McLaren (378 points) $2.390 million
Lotus (303 points) $2.015 million
Mercedes (142 points) $1.210 million
Sauber (126 points) $1.130 million
Force India (109 points) $1.045 million
Williams (76 points) $880,000
Toro Rosso (26 points) $630,000
Caterham (0 points) $500,000
HRT (0 points) $500,000
Marussia (0 points) $500,000
FIA modified 2013 F1 regulation
ENTRY FEES FOR THE 2013 FIA FORMULA ONE WORLD CHAMPIONSHIP
i) The winner of the 2012 World Championship for Constructors will be required to pay a basic
fee of US$500,000 plus US$6000 for each point gained in the 2012 World Championship for
ii) Every other competitor will be required to pay a basic fee of US$500,000 plus US$5000 for
each point that competitor gained in the 2012 World Championship for Constructors.
In both cases the basic fee is due at the time of the application and the remainder by 30 November
of the year prior to the year to which this application relates.