F1: Ferrari (NYSE:RACE) the Cost of Entry

F1: Ferrari (NYSE:RACE) the Cost of Entry

$RACE

Each year the price increases based on the US Consumer Price Index (CPI), and it means for Y 2019 that all teams have to pay a basic entry fee of US$546,133, and then an extra amount depending on where they finished last year.

The constructors’ champion, MercedesAMG has to pay $6553 per point scored, while all the other teams pay $5459 per point.

When MercedesAMG enjoyed a hugely dominant Y 2016 season, it was left facing a bill of more than $5.25-M for entry to the following campaign.

Ferrari’s (NYSE:RACE) resurgence has meant that MercedesAMGs’ points scoring has not been so rampant over the last 2 seasons, thus bringing its payment down. Even so, MercedesAMG has to pay more than $4.8-M in total for its Y 2019 entry, with 5 teams paying more than $1-M.

Here is a run down of the Y 2019 entry fees for the Top 3, and how they compare to last year, as follows:

MercedesAMG

2019 fee: $4,838,348 

2018 fee: $4,653,720

Ferrari

2019 fee: $3,663,222 

2018 fee: $3,210,170

Red Bull Racing

2019 fee: $2,833,454 

2018 fee: $2,415,376

All fees in USDs

Have a terrific week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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