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F1 teams face entry fee increase
" itemprop="description"> Formula 1 teams face nearly a ten-fold increase in entry fees for next year's world championship. Governing body the FIA has raised the fees from a standard 309,000 euros (£247,600) for all teams to a sliding scale depending on results. All teams will pay $500,000 (£311,500). In addition, the constructors' champions will pay $6,000 (£3,738) per point, and the others $5,000 (£3,116). That means Red Bull are likely to pay in the region of £2m next year. Red Bull currently have 407 points. Assuming they are likely to score at least 20 points in each of the remaining three races, that would be a total of just over £2m. The rise is slightly less...
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