Max Verstappen's rec2023 Formula One ord-setting campaign is going to result in a record-setting fee for his Red Bull team.
The Dutchman claimed his third straight world championship and racked up a record 19 victories in 22 races this season. With Red Bull also claiming the constructors' championship, the team are facing an F1 entry fee of more than US$7 million (S$9.4 million) for 2024.
The figure is based on the sport's regulations that include a weighted fee for teams and their drivers based on the previous year's performance.
By accumulating 860 points this term, Red Bull's fee is projected to be US$7.4 million - up from the US$6.2 million the powerhouse team paid in 2023.
The majority of that "earned" by Verstappen, who accumulated a record 575 points.
Teammate Sergio Perez finished second with 285.
Meanwhile, Mercedes saw their fee reduced to US$3.3 million from US$3.8 million despite finishing second in the constructors' championship with 409 points as they accumulated fewer total points than in their 2022 tally of 515.
Denne historien er fra November 29, 2023-utgaven av The Straits Times.
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