Christian Horner recently hit headlines after baulking at the “incredible” entry fee the FIA served Red Bull ahead of the 2023 season. And fans can now start to understand why after the extent of that expense came to light.
Formula 1 teams are traditionally expected to pay more for their participation the more successful they were in the preceding season. That equates to a record bill in Red Bull’s case after Max Verstappen defended his title by a wide margin, finishing 146 points clear of his competition.
The basic fee for a place on the F1 grid is reportedly £500,000 ($617,687), but teams must also cough up a certain amount per point they accrued during the previous season. Bild reported Red Bull’s price per point is around £6,000 ($7,411), which is then multiplied by the 759 points that Verstappen (454) and team-mate Sergio Perez (305) racked up over the course of 2022.
That leaves the reigning F1 champion with a £4.55million ($5.62m) payment just to be eligible to defend that crown in 2023. And that’s before taking into account the customary basic fee, which brings up a grand total of £5.02m ($6.2m) to renew Red Bull’s rights to compete.
Mercedes offered Red Bull insight that can help Lewis Hamilton get Max Verstappen revenge