F1 News: F1 team entry fees for 2019 revealed
What's the story?
F1 is a rich man's sport with teams spending millions of dollars to outdo the rest of the competition, with the gap between winning a race and finishing 20th narrowing significantly.
Now, Motorsport.com have revealed the incredible sum of money required for each team for the 2019 season.
In case you didn't know...
Last year's F1 season ended with Lewis Hamilton and Mercedes dominating, winning the drivers' and constructors' championship, while Sebastian Vettel and Ferrari finished second.
Ferrari did close the gap on Mercedes this season, but faltered in the latter half of the season, gifting the title to Hamilton and Mercedes.
Next year could be even closer as Ferrari seem to want to win at all costs, even replacing their team principal before the start of the season.
The heart of the matter
The report states that all F1 teams will have to pay a base entry fee of $546,133 to compete in a season, but will have to pay additional fees on how they performed in the previous season.
Mercedes, who won the constructors' title last year, will have to pay $6553 per point scored in the 2018 season (apart from the base fee of $546,133), while the nine other teams will have to pay $5459 per point scored in the 2018 season (apart from the base fee of $546,133).
Force India which was rebranded Racing Point will have to pay the entry fees on the points they scored after they were taken over before the Belgian Grand Prix.
Here is this list of how much each team has to pay this year, as well as the entry fees they paid in the 2018 season.
The F1 season begins in February with two testing sessions between February 18th and 21st, and February 26th to March 1st, at Circuit de Barcelona.