2021 F1 entry fees revealed as teams costs are cut

An original plan for a 22-race schedule had to be abandoned because of the coronavirus pandemic, and in the end the revamped schedule was cut down to 17 races.

As part of a restructuring of F1's finances in 2013 to help the FIA get some of the series' income, it was agreed that teams would pay an entry fee based on the number of points scored in the previous season's championship.

The costs can be eye watering at times, though, and the dominant Mercedes team last year paid the highest ever fee to race in 2020 - a whopping $5,490,812.

The fees for next year have been laid out following the latest World Motor Sport Council meeting, and the base figures have only been increased by 2.3% - to mirror US inflation - from 2019.

The FIA states that each team has to pay a basic entry fee of $569,308, which needs to be submitted when they lodge their application.

Furthermore, the world championship winning team must pay an extra $6677 for each point scored during the 2020 world championship.

For every other competitor, the cost is $5691 for each point. That needs to be paid this month once the final points tally is in.

While Mercedes will again have to pay out the biggest fee of all the teams after grabbing its seventh F1 world championship title, its smaller points tally means a lower figure than last year.

Mercedes managed to score 573 points this year, compared to the 739 it took in 2019.

It means its entry fee has dropped from $5,490,812 to $4,482,898.

But Mercedes is not the team that has had the biggest entry fee reduction this year, because Ferrari's disappointing campaign has at least meant a big cut in how much it must pay to enter.

Last year, the Maranello team finished runner-up to Mercedes with 504 points - and that meant an entry fee of $3,360,261.

This year, finishing sixth in the standings with just 131 points, means that Ferrari's entry bill has been cut to $1,314,829.

The biggest loser from the entry fee drop is the FIA, with its earnings cut drastically by the 17-race calendar.

Losing five races means the governing body's income from F1 entry fees has dropped by at least $2,837,130.

Here is a full run down of the entry fees teams must pay for 2021, and how they compare to last year.

2021 F1 team entry fees

2020 F1 team entry fees