FIA reveals entry fee rise

A dramatic rise in entry fees is confirmed for the 2013 F1 season
28.10.2012- Race, Start of the race
28.10.2012- Race, Start of the race
© PHOTO 4

The FIA has 🅠announced a dramatic rise in the entry fees for the 2013 Formula One World Championship, with a new system being 🌱introduced that will see the fee paid being dependent on past performance.

Previously, teams paid a standard entry fee each year, with the figure being set at 309,000 Euro - or around $398,000 US - fo💮r the 2012 season.

That means the FIA would have taken a total of almost $4.8 million♏ in entry fees from the twelve teams for the current campaign.

Under the revisꦡed fees however, teams will pay a flat fee of $500,000 US with additional payments beyond that dependent on championship positions this season.

The winning team in the constructors' championship will be forced to pay an additional $6,000 U🙈S for each point scored this season, while remaining teams will pay an additional $💦5,000 US for every championship point.

While that means the likes of Marussia, Caterham and HRT are ඣset to pay the bas🌃ic entry of $500,000, Red Bull already face the prospect of paying more than $2.9 million with three races still to run this season.

Had the rule been in place this season, Red Bull would have faced an entry fee of $4.4 million thanks to its success in 2011 while McLarꦺen - who finished second in 2011 ꦓ- would have paid $2.985 million.

The entry fees currently facing the teams, based on the championship standings heading into the Abu Dhab🎶i GP are as follows:

1. Red Bull Racing407pts$2.942m
2. Ferrari316pts$2.080m
3. McLaren306pts$2.030m
4. Lotus263pts$1.815m
5. Mercedes136pts$1.180m
6. Sauber116pts$1.080m
7. Force India93pts$965,000
8. Williams59pts$795,000
9. Toro Rosso21pts$605,000
10. Marussia0pts$500,000
11. Caterham0pts$500,000
12. HRT0pts$500,000

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