P1racenews AI automatic summary:
Red Bull faces $7.4m entry fee hangover from record-breaking F1 2023 season
Red Bull Racing has had an incredibly dominant season in Formula 1, winning 21 out of 22 races and securing both world championship titles. Their record-breaking performance has resulted in the team having to pay the biggest official entry fee in F1 history. The entry fees are based on the number of points each team scores in the previous season. Red Bull’s success means they must pay a staggering $7,445,817 to the FIA. In comparison, second-placed Mercedes has to pay $3,347,012 and third-placed Ferrari pays $3,327,287. Red Bull team boss, Christian Horner, sees the high fee as a consequence of their exceptional success and humbly accepts it as a luxury problem.
