In order to participate in the premier class of racing, Formula 1 teams must pay entry fees annually. Red Bull, the World Champions, will pay the largest sum in 2023 according to the statistics that are currently available below.
Annually, Formula 1 teams must spend an entry fee to participate in the premier class. This charge has two aspects: a standard payment of $617,687 per team, plus a price for each World Championship point earned the past season.
Red Bull will be the organization with the highest cost in 2023 because they also spend more per point than the team that wins the championship.
The 2022 Constructors’ Champions pay the same regular amount as the other nine teams, however they must pay $7,411 per point as compared to the other teams’ $6,174.
The Milton Keynes-based team will spend exactly $6,242,636 in total to participate once more in 2023. This is by far the highest cost.
Are you curious about the costs the other Formula One teams will have to spend? See them down below.
2023 F1 TEAM ENTRY FEES
| Team | Basic fee | Total fee for each 2022 point | Total |
|---|---|---|---|
| Red Bull | $617,687 | $5,624,949 | $6,242,636 |
| Ferrari | $617,687 | $3,420,396 | $4,038,083 |
| Mercedes | $617,687 | $3,179,610 | $3,797,297 |
| Alpine | $617,687 | $1,068,102 | $1,685,789 |
| McLaren | $617,687 | $981,666 | $1,599,353 |
| Alfa Romeo | $617,687 | $339,570 | $957,257 |
| Aston Martin | $617,687 | $339,570 | $957,257 |
| Haas | $617,687 | $228,438 | $846,125 |
| AlphaTauri | $617,687 | $216,090 | $833,777 |
| Williams | $617,687 | $49,392 | $667,079 |
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