Players.bio is a large online platform sharing the best live coverage of your favourite sports: Football, Golf, Rugby, Cricket, F1, Boxing, NFL, NBA, plus the latest sports news, transfers & scores. Exclusive interviews, fresh photos and videos, breaking news. Stay tuned to know everything you wish about your favorite stars 24/7. Check our daily updates and make sure you don't miss anything about celebrities' lives.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Mercedes faces $4.8m FIA entry fee for F1 2022

As part of an F1 restructuring in 2013 to help boost the income of F1's governing body, teams have faced high entry fees to take part in the world championship.

They are based on a two-tier system, with the constructors' champion having to pay a greater contribution than everyone else.

The fees for 2022 have been revealed in the latest version of the F1 Sporting Regulations, and take into account a 1.4% inflation figure compared to the previous season.

The fees for 2022 mean that the constructors' champion must pay out a basic fee of $577,278 plus $6,926 for each point gained.

Everyone else on the grid has to pay a basic fee of $577,278 plus $5,770 for each point scored.

The figures mean that Mercedes must pay out $4,826,379 for the 2022 season based on the 613.5 points scored last year.

The entry cost is non-negotiable and comes after a winter where Mercedes was left upset with the FIA's handling of last year's Abu Dhabi GP which cost Lewis Hamilton the world title.

Mercedes W13

Photo by: Mercedes AMG

The fee for 2022 is a slight rise on what Mercedes paid for 2021, but much less than the record $5,490,812 it had to pay out in 2020 following its dominant 2019 campaign.

Back then, thanks to the fee being based on points scored, its tally of 739 points pushed it above the $5 million threshold for fees.

Red Bull's step up in form last year has seen its entry fee jump from $2.7 million in 2021, to nearly $4 million for the season ahead. The 585.5 points it scored in 2021 have left it with a bill for $3,955,613.

Ferrari has also seen its fees rise dramatically thanks to its improved form last year. Having paid just $1.4 million to race in 2021, it must pay $2.4 million for the 2022 campaign.

Haas was the only team to score

Read more on msn.com