F1 News: Max Verstappen To Be Hit With Eye-Watering Fee After 2023 Success
Max Verstappen is about to face a substantial financial consequence for his overwhelming success on the track in 2023. The Dutch driver, fresh off his 16th win of the season, is set to shell out a staggering €1 million fee to secure his super license for the 2024 season.
Key Takeaways:
- Max Verstappen, with his spectacular performance in the 2023 season, has accumulated enough points to warrant a super license fee exceeding €1 Million for the 2024 season.
- The super license fee structure requires drivers to pay a base fee plus an additional amount per point won in the previous season, placing Verstappen at the top of this expensive scale.
- Despite the financial hit, Verstappen's historic 16 wins in a single season and his secured third championship title underscore his ongoing dominance.
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Every Formula 1 driver is mandated to pay a set fee for their super license annually, in addition to a per-point charge based on their performance in the previous season. For a driver like Verstappen, who has demonstrated unrivalled dominance on the track, this system translates to an eye-watering fee.
As of the end of the Mexican Grand Prix in 2023, with 491 points under his belt, Verstappen will be required to pay over €1 Million for his super license renewal in 2024.
The super license fee for the upcoming season stands at €10,400, approximately £9,217 or $11,178, accompanied by an additional €2,100 (around £1,861 or $2,257) for every point won in the previous season.
This calculation brings Verstappen’s total to a colossal €1,041,500, with the potential to climb even higher, possibly reaching €1.22 million, depending on his performance in the remaining three races of the season.
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