2021 F1 entry fees revealed as teams costs are cut | F1 News

by Dec 15, 20200 comments


Formula 1’s reduced 2020 calendar means teams will pay a smaller entry fee for next season, with world champions Mercedes seeing its bill cut by more than $1 million.

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.

For this year the fees have again been laid out in the latest F1 sporting regulations, and appear to be unchanged from 2019.

According to the current version of the rules, the FIA states that each team has to pay a basic entry fee of $556,509, which needs to be submitted when they lodge their application.

Furthermore, the world championship winning team must pay an extra $6,677 for each point scored during the 2020 world championship.

For every other competitor, the cost is $5,563 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 dollars to $4,382,430.

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 $1,285,262.

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

Team Points Point-based fee Total entry fee
Mercedes 573 $3,825,921 $4,382,430
Red Bull 319 $1,774,597 $2,331,106
McLaren 202 $1,123,726 $1,680,235
Racing Point 195 $1,084,785 $1,641,294
Renault 181 $1,006,903 $1,563,412
Ferrari 131 $728,753 $1,285,262
AlphaTauri 107 $595,241 $1,151,750
Alfa Romeo 8 $44,504 $601,013
Haas 3 $16,689 $573,198
Williams 0 $0 $556,509

2020 F1 team entry fees

Team Points Point-based fee Total entry fee
Mercedes 739 $4,934,303 $5,490,812
Ferrari 504 $2,803,752 $3,360,261
Red Bull 417 $2,319,771 $2,876,280
McLaren 145 $806,635 $1,363,144
Renault 91 $506,233 $1,062,742
Toro Rosso 85 $472,855 $1,029,364
Racing Point 73 $406,099 $962,608
Alfa Romeo 57 $317,091 $873,600
Haas 28 $155,764 $712,273
Williams 1 $5,563 $562,072

The Autosport 70 special, celebrating the best of motorsport, is no longer available to buy online, but is available to new magazine subscribers. To subscribe, please go to: autosportmedia.com


Source link

Read MoreĀ 

Schumacher drives father’s Jordan 191

Schumacher drives father’s Jordan 191

[ad_1] In an iconic moment, at Silverstone yesterday, Mick Schumacher took to the wheel of the Jordan in which his father made his F1 debut thirty years ago.The Haas driver was on tyre testing duty for Pirelli at Silverstone, when, during the lunch break, Sky Sports...

3 Performance Wagons that give Supercars a run for their money

3 Performance Wagons that give Supercars a run for their money

[ad_1] The humble station wagon has always been in the shadows of the traditional family sedans and the versatile modern crossover SUVs.With the long-roof body style only representing about two percent of the total vehicle sales in the US, it is evident that the...

British GP: Sprint team notes – McLaren

British GP: Sprint team notes – McLaren

[ad_1] Lando Norris: "A good first sprint quali race! I think we achieved everything we could've hoped for today. We got ahead of one of the Red Bulls, which is a quicker car, but we managed to beat them off the start and over the first lap, so it was a fun...

Russell handed grid penalty – Pitpass.com

Russell handed grid penalty – Pitpass.com

[ad_1] George Russell has been handed a 3-place grid penalty for Sunday's British Grand Prix after being adjudged as causing the collision with Carlos Sainz.Having spoken with both drivers and viewed the relevant video evidence, the stewards founds that Russell and...

Leave a comment.


Submit a Comment

Your email address will not be published.