P1racenews AI automatic summary:
Each F1 team can get their wallets out and prepare to pay their 2024 entry fee – and the sums required are growing.
The FIA has revised their Sporting Regulations and imposed a 6.5% increase in the entry fee for each team in the upcoming season, based on the US Consumer Price Index. Red Bull, as the winners of the constructors’ championship, will have to pay $657,837 plus an additional $7,893 for each point they scored this year. The other teams will have to pay $657,837 plus an additional $6,575. Currently, Red Bull’s invoice for the remaining four rounds is just $12,341 short of their entry fee for this season, which was $6,242,636. If they score only two points in the Mexico City Grand Prix, their 2024 entry fee will already surpass this year’s, with three more rounds to go. It seems that Red Bull is on track to pay more than double the amount Mercedes will pay to enter the 2024 season. The deadline for the full payment for the 2024 F1 season is December 10, 2023.
Source: Crash
