F1 Teams Pay An Extraordinary Sum of Money as Entry Fees for 2019

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The 2018 F1 season is now a thing of the past. The teams are enjoying their time off, trying to get some rest before the long winter begins and they get back to action, preparing for 2019. For some, this preparation began as early as the recently concluded Abu Dhabi test where they fielded their drivers to try out the 2019 tires.

Recently the entry list of the teams and drivers were released for 2019 F1 season, which revealed quite a few different things. Force India name ceased to exist, while Ferrari got a new name. Amongst other things, the list also revealed the numbers that the newcomers will be racing with in 2019.

The entry list also implies that the teams have paid their entry fees to be included. And now the fees they’ve paid isĀ revealed.

From 2013 onwards, the entry fee system mandated every team to pay a flat entry fee of $516,128 indexed by the US CPI (Consumer Price Index) along with a variable sum of money which depended on its success the previous year.

The variable sum is fixed at $6194 for each point earned for the Constructors champion, while $5161 for others. Considering Mercedes earned 655 points in 2018, it paid over $4.5 million to the FIA. While it may seem a huge deal, this is in fact the lowest they’ve ever paid since 2014.

Here are the actual numbers of every team:

Team: 2019 entry fee/2018 entry fee

Mercedes: $4,573,198 / $4,653,720

Ferrari: $3,463,059 / $3,210,170

Red Bull: $2,678,587 / $2,415,376

Renault: $1,145,770 / $810,305

Haas: $996,101 / $758,695

McLaren: $836,110 / $670,958

Racing Point: $784,500 / $1,481,235*

Sauber: $763,856 / $541,933

Toro Rosso: $686,441 / $789,661

Williams: $552,255 / $944,491

Overall: $16,479,877 / $16,276,544

The combined entry fees amount to $16,479,877, an increase of $203,333 on the previous year.

Renault experienced the largest year-on-year increase while Racing Point’s entry fee was less than half of what Force India paid for 2018.

Accounting for better seasons, both McLaren and Sauber’s fees also increased compared to last year while Toro Rosso and Williams took a deduction, with the latter being the largest deduction for year-on-year.

 

 

 

 

1 COMMENT

  1. F1 is a money-grinding machine.
    They pay to compete, pay to use the obligatory tires, pay to develop the car, the tracks pay to host a GP.
    No wonder paydrivers are increasing.

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