Formula 1 governing body the FIA has, as expected by many in the paddock, confirmed a huge increase in entry fees from the start of the 2013 season. The change will see the reigning World Champions paying significantly more than their rivals.
The modification, released in the 2013 Sporting Regulations on Thursday, appeared under Appendix 7 on the 46th and final page of the official FIA document.
---------------------------------------------------------------------------------------------------------------------The FIA explains the following:
- The winner of the 2012 World Championship for Constructors will be required to pay a basic fee of US$500,000 (£310,000) plus US$6000 (£3,800) for each point gained in the 2012 World Championship for Constructors
- Every other competitor will be required to pay a basic fee of US$500,000 plus US$5000 (£3,100) for each point that competitor gained in the 2012 World Championship for Constructors.
'In both cases the basic fee is due at the time of the application and the remainder by 30 November of the year prior to the year to which this application relates.’
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Over recent weeks, Red Bull was infamously not invited to a meeting which contained representatives of all other teams. The Milton Keynes outfit formerly known as Stewart and Jaguar is on the verge of claiming a third straight teams’ title in Abu Dhabi.
"It is a difficult situation," Red Bull Team Principal Christian Horner told Autosport. "Jean (Todt, FIA President) has explained very clearly why there has to be an increase in fees. With the scheme they have introduced, it penalises the higher scoring teams more, but we can understand some of his reasoning behind that - so we accept the FIA's position (but) it is not entirely consistent with the concept of cost-saving..."
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