Red Bull forced to pay heavy price for Max Verstappen success

Red Bull have to pay the biggest entry fee to pay whereas Haas have the least to settle

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Red Bull will be hoping that Max Verstappen can claim a fourth Formula 1 drivers’ title in a row in similarly record-breaking fashion, with the full knowledge that the Dutchman’s success could blow a massive hole in their finances once again.

The Austrian team’s unprecedented dominance in 2023 saw them claim 21 victories out of 22 races, with only Ferrari driver Carlos Sainz‘s victory at the Singapore Grand Prix preventing them from completing a clean sweep.

Verstappen won 19 of those 21 races, with his teammate Sergio Perez only celebrating on top of the podium twice, as Christian Horner‘s team obliterated a series of long-standing records in the most one-sided F1 season in history – with potentially more to come in 2024.

The now three-time world champion collected 575 world championship points for his latest title, some 290 ahead of his garage partner Perez on 285 points. The pair combined for a total of 860 points, and their nearest challenger Mercedes could only muster 409 points between Lewis Hamilton and George Russell.

Such success will result in huge financial bonuses for Red Bull, with more sponsors keen to work with the team. But their dominance will also come at a price when they total their fees for entering the F1 championship in 2024.

A hefty bill to pay

According to the FIA, each team starts with the same base amount to pay of $657,837 (£523,065). Then, for every additional point scored in 2023, $6,575 (£5,227) is added to the total amount.

The winners of the constructors’ championship have to dig deep into their pockets, with Red Bull expected to pay $7,893 (£6,275) for each point – and calculating the final amount after 860 points shows there is a hefty bill awaiting them.

According to The Independent, Red Bull will have to pay a total sum of $7.5m (£5.9m) for the price of their success.

It means they will shell out more than double the figure of their rivals Mercedes and Ferrari, who are required to pay $3.34m (£2.7m) and $3.33m (£2.6m) respectively.

That pales in comparison to Haas, who finished bottom of the pile with only 12 championship points in 2023. Including their basic entry fee, the American outfit will only have to fork out ($736,373) £585,512 to guarantee their entry.

Joe Krishnan
Joe Krishnan
Joe Krishnan is an NCTJ-qualified journalist who has worked for a number of media organisations, including the Daily Express, The Mirror, Evening Standard, The Independent and Bleacher Report. Joe has been following F1 since when he watched Mika Hakkinen clinch the 1999 drivers' championship, and his first taste of real-life racing action was watching David Coulthard spin off into the gravel at the British Grand Prix at Silverstone in 2001.
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