Red Bull forced into RECORD payment for 2024

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Red Bull forced into RECORD payment for 2024

Red Bull's success in 2023 means they will pay more than any other team

By Tyler Rowlinson.

Wednesday 14 February 2024 04:57

Reigning Formula 1 champions Red Bull will be forced to pay a record fee coming into the 2024 season.

Max Verstappen dominated the 2023 campaign like no driver before, winning 19 out of 22 possible races.

With his team-mate Sergio Perez claiming two of the remaining three victories, Red Bull finished the season with a staggering 860 points, more than double the amount of their closest rivals Mercedes.

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With the financial rewards for such a success is significant, it comes at a price for the team to remain on the grid.

Max Verstappen dominated the grid in 2023

But the team will pay more than any other team to stay on the grid due to their success

2024 entry fees revealed

A base fee of $657,837 (£521,691) is paid by all the constructors, with an extra $6,575 (£5,214) per point on top. The Constructors’ Championship however are hit even harder, as Red Bull must pay $7,893 (£6,259) for each of their 860 points.

Below is the total amount every F1 team must pay heading into the new season:

Red Bull: $7,445,817 (£5,904,830) Mercedes: $3,347,012 (£2,654,314) Ferrari: $3,327,287 (£2,638,672) McLaren: $2,643,487 (£2,096,391) Aston Martin: $2,498,837 (£1,981,678) Alpine: $1,446,837 (£1,147,400) Williams: $841,937 (£667,690) Visa Cash App RB: $822,212 (£652,047) Stake: $763,037 (£605,119) Haas: $736,737 (£584,261)