Formula 1 News: Red Bull must pay the FIA $7.4M entry fee

After accumulating a record number of points in 2023, Red Bull will have to pay to the FIA a $7.4 million entry fee to race in F1 in 2024.

The entry fee is based on a formula. The prior year champions pay $7,893 per point as Constructors’ champions, with other teams paying $6,575 per point on top of the $657,837 base F1 entry fee.

Doing the simple math, the 2024 entry fees can be calculated.

F1 2024 entry fees by team

1. Red Bull: $7,445,817 [860 points*]

2. Mercedes: $3,347,012 [409 points]

3. Ferrari: $3,327,287 [406 points]

4. McLaren: $2,643,487 [302 points]

5. Aston Martin: $2,498,837 [280 points]

6. Alpine: $1,446,837 [120 points]

7. Williams: $841,937 [28 points]

8. AlphaTauri: $822,212 [25 points]

9. Alfa Romeo: $763,037 [16 points]

10. Haas: $736,737 [12 points]

Christian Horner tried to put a positive spin on the enormous amount.

“I think Max and the team this year, the standard that we’ve been able to hit, to win 21 out of 22 races, to have led with Max over 1000 laps out of 1300 or so, to have broken so many records, I think he’s hit yet another level,” Horner told media in Abu Dhabi.

“But I think the way that the team has operated across 22 different circuits, or certainly 21 of them, operationally, reliability wise, performance wise, everybody’s done their part.

“All the men and women behind the scenes back in Milton Keynes, all the operational staff, everybody has done their bit and contributed to what we’ve seen in what will surely go down as one of the, or certainly currently, the most dominant season ever seen in Formula 1.”