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Formula 1 teams pay over $16m in 2019 entry fees
Formula 1 teams have paid $16m in entry fees to the FIA for the 2019 World Championship, with champions Mercedes accountable for over $4.5m of the total. Mercedes battled with Ferrari through the opening half of the season, before pulling clear after the summer break, clinching its fifth straight Constructors’ crown with a round to spare. From 2013, an amended 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 sliding scale dependent on its success. The Constructors’ Champions must pay a fee of $6194 for each point earned, with the remaining outfits charged $5161 per point amassed, with the amount...
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5y ago from MotorsportWeek.com
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