The registration fees for the Formula 1 World Championship are increasing even further for 2024
As stated in the sporting regulations regarding the entry fees for F1 teams, the FIA will increase the registration fees. Based on the American price index, the amount will rise by 6.5% in 2024.
The teams will have to dig into their wallets in 2024. The FIA has updated its sporting regulations, particularly regarding the entry fee for teams to participate in the Formula 1 World Championship. This increase amounts to 6.5% (compared to 7% in 2023), based on the U.S. Consumer Price Index.
The sum is of course not the same for each team. To register, the team must pay a proportional amount based on its position in the previous ranking as well as the number of points scored in the constructors’ ranking.
The largest amount for Red Bull.
The reigning World Constructors’ Champions, Red Bull, will have to pay a fixed fee of $657,837 ($622,000€), plus an additional $7,893 ($7,461€) for each point scored in the championship.
The other participating teams also pay $657,837, but only add $6,575 (€6,215) per point scored in the title race.
This amount must be paid no later than December 10, considering that the final ranking and the number of points will be known at the beginning of December.
Overview of provisional amounts to be disbursed before December 10, 2023:
With four races remaining in the championship, it is possible to get an idea of the amounts that teams will have to pay next season. Here are the amounts that the teams must pay next season, taking into account the current number of points, before the start of the Mexican Grand Prix.
- Red Bull: $6,230,295
- Mercedes: $2,919,637
- Ferrari: $2,774,987
- McLaren: $2,248,987
- Aston Martin: $2,209,537
- Alpine: $1,315,337
- Williams: $828,787
- Alpha Romeo: $763,037
- Haas: $736,737
- AlphaTauri: $723,587
Based on the number of points scored since the beginning of the season and projecting the number of remaining points, here are the amounts that the constructors could pay by the end of the season.
(extrapolation) – extrapolation
- Red Bull: $7,110,157
- Mercedes: $3,276,763
- Ferrari: $3,109,274
- McLaren: $2,500,221
- Aston Martin: $2,454,542
- Alpine: $1,419,153
- Williams: $855,779
- Alpha Romeo: $779,648
- Haas: $749,195
- AlphaTauri: $733,969
For the 2023 season, Red Bull had paid $6,242,636, scoring 759 points, which is 53 more than currently.
