Top Formula 1 teams could face entry fee hike for 2013
Formula 1's frontrunning teams could face a dramatic increase in entry fees for next year's championship if plans being considered by the FIA come off
As part of the ongoing negotiations between the teams, Bernie Ecclestone and the FIA to frame a new Concorde Agreement for 2013, talks have edged towards agreeing potential income that the governing body would like to receive from F1 entrants and the sport's commercial rights holder.
No deal has yet been reached, but high level sources have revealed that one option being considered is for the FIA to seek a much greater share of its funding from the teams - which it can then use to invest in its running of the sport and other road safety initiatives.
AUTOSPORT has learned that one idea that has been suggested to the teams is for the entry fee to rise from its current cost of 309,000 Euro to a level that could see several teams pay multiple millions for their entries.
In a bid to centralise the cost of extra services that teams use, and currently pay extra beyond the entry fee to the FIA for (such as the Meteo France weather service), the governing body wants to have everything included in one fixed price.
Sources have revealed that the proposal that has been put forward to the teams is for the entry fee to rise to 500,000 Euro per outfit, plus 7,000 Euro per point scored in the championship.
This means that the more successful teams would contribute much more to the running of the sport and suffer a dramatic rise in costs.
Taking last year's constructors' championship standings, the entry fees in Euro under that new plan would be:
Red Bull (650 points) 5.050 million McLaren (497 points) 3.979 million Ferrari (375 points) 3.125 million Mercedes (165 points) 1.655 million Lotus (73 points) 1.011 million Force India (69 points) 0.983 million Sauber (44 points) 0.808 million Toro Rosso (41 points) 0.787 million Williams (5 points) 0.535 million Caterham (0 points) 0.500 million HRT (0 points) 0.500 million Marussia (0 points) 0.500 million
Although no team principal would talk on the record about the matter, several suggested that they were keen to discuss the situation with the FIA, and enquire about why the fees were rising so much - and exactly what the extra money was being used for.
Share Or Save This Story
Brundle awarded OBE in King’s New Year’s honours
The new rules dilemma that will define the 2025 F1 season
Jon Noble: An unfair perception or a genuine concern? Lifting the lid on Red Bull’s Tsunoda scepticism
How much time has Aston Martin gained with its F1 Hungarian GP update?
Antonelli hit with grid drop for yellow flag infringement in F1 Hungarian GP qualifying
Hamilton slapped with grid drop for impeding Piastri in F1 Hungarian GP qualifying
Russell to undergo Mercedes engine change but avoids F1 Hungarian GP grid drop
Subscribe and access Autosport.com with your ad-blocker.
From Formula 1 to MotoGP we report straight from the paddock because we love our sport, just like you. In order to keep delivering our expert journalism, our website uses advertising. Still, we want to give you the opportunity to enjoy an ad-free and tracker-free website and to continue using your adblocker.
Top Comments