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Red Bull faces $7.4m entry fee hangover from record breaking F1 2023 season

Red Bull’s record-breaking Formula 1 season has left the squad facing a $7.4 million entry fee hangover that it needs to pay the FIA for racing next year.

The Milton Keynes-based squad delivered one of the most dominant performances in F1 history this season, with its drivers winning 21 out of 22 races and securing both world championship titles quite early. 

Its tally of 860 points well eclipsed the previous record haul from a season which was held by Mercedes when it amassed 765 during its 2016 title double. 

However, such success does not come without some pain, and in F1 terms it means that Red Bull is facing the biggest official entry fee that a team has ever paid. 

Ever since 2013, as part of a revised Concorde Agreement that came into force that year, the FIA has based entry fees for each competitor on the number of points scored in the previous season. This originally started with a base fee of $500,000 plus $5000 per point scored, with the constructors’ champion paying $6000. 

This figure has steadily risen due to inflation and for 2024 now stands at $657,837 for the base fee, plus $6575 per point scored for all teams apart from the constructors’ champion which must pay $7893. 

Off the back of Red Bull's huge haul this year, it means it must pay $7,445,817 to the FIA by 10 December to have its entry for 2024 confirmed. 

The scale of its dominance is clear with second-placed Mercedes, which totted up 409 points, only having to pay $3,347,012, with third-placed Ferrari’s 406 points meaning it must pay $3,327,287. 

Red Bull team boss Christian Horner admitted that the record-breaking fee his team was paying was eye-watering, but said it was an inevitable consequence of the scale of success the squad had achieved in 2023. 

Source: Autosport

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