On the 2 of November 2012 the Fédération Internationale de l’Automobile (F.I.A) announced its plans to increase teams entry fees into championships.
Previously teams would be asked to pay £247,600 as a standard entry fee. This has now risen to £311,500. Unfortunately for teams, the rising costs don’t stop there. Constructor champions will have to pay £3,738 per point achieved whilst the others shall have to pay £3,116. To put this into context it’s been estimated that the current leaders Red Bull could find themselves paying over £2m next year.
So why now? The F.I.A is a non-profit organization who look to further develop issues in the interests of motorists such as safety, mobility, the environment and consumer law. The F.I.A say the increase in fees is essential for allowing their work to continue.
…to help national sporting authorities…
Most individuals respond rather negatively to any suggestion of higher fees. No matter what the cause. However this is a cause that has been embraced by most within Formula 1. And why not, in a sport which can afford to pay its drivers €30m euros a year it wouldn’t be absurd to assume constructors are doing okay for themselves. Ross Brawn of Mercedes when asked about his view on the issue replied ‘I think, for us, we would be delighted to pay it because we would be scoring a lot of points.’
However I think underlying reason for such acceptance across the sport for such price increases is due to the F.I.A’s work in motorsports. The F.I.A where involved in developing a new best practice framework to help national sporting authorities understand current best practice in the area of training motor sport officials in safety as well as promoting anti-doping development.
With such positive work by the F.I.A taking place, F1 can only benefit from further investment.