Fast Five: Teams face soaring 2024 entry fees, CNBC's 'Inside Track' explores F1's business side, and other big updates

Teams face soaring 2024 entry fees

F1 teams are facing increased entry fees for the 2024 season due to a 6.5% hike based on the US Consumer Price Index. Red Bull's entry fee is now $657,837 plus $7,893 per point scored this year, totaling $6,230,295. Other teams pay $657,837 plus $6,575, resulting in varying fees. Red Bull is on track to pay over twice what Mercedes will pay for 2024 entry, and the full fee must be paid by December 10, 2023.

Click here to read the full article at crash.net

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CNBC's 'Inside Track' explores F1's business side

A new CNBC documentary, "Inside Track: The Business of Formula 1," will provide Formula One fans with in-depth access to the global motorsports series. Premiering on November 16 ahead of the Las Vegas Grand Prix, the documentary delves into the financial and business aspects of Formula 1, including revenue, expansion, and sponsorships. Hosted by CNBC anchor Sara Eisen, the program explores the intersection of sports, technology, and culture within Formula 1, featuring interviews with key figures in the sport, like Liberty Media CEO Greg Maffei and F1 CEO Stefano Domenicali, as well as insights into attendance, viewership, and the Las Vegas race.

Click here to read the full article at nbcsports.com

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Audi's F1 entry under review amid cost cuts

Audi is reconsidering its entry into Formula 1 due to management changes and cost-cutting measures at its parent company, Volkswagen. The departure of the Audi boss who initiated the partnership with Sauber has raised concerns, but Audi remains committed to its 2026 entry and is confident the project won't be canceled, despite internal review. Pulling out now would incur significant costs, and Audi is proceeding with its F1 plans, developing its power unit alongside Sauber.

Click here to read the full article by James Dielhenn (crash.net)

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How drivers pulled up at COTA

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The F1 driver's car park at the Circuit of the Americas this year had some great vehicles and even some pickup trucks. Max Verstappen drove an electric Ford F150 Lightning Platinum, Logan Sargeant chose a Chrysler 300S, Carlos Sainz arrived with his girlfriend in a Ferrari 296GTB, and Nico Hulkenberg pulled up in another Chrysler 300S.

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Ferrari drivers' Mexican culinary adventure

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F1 drivers often go the extra mile to demonstrate their versatility beyond the racetrack, sometimes stepping into the role of skilled chefs. The Ferrari team wasted no time upon landing in Mexico, where both Charles Leclerc and Ferrari reserve driver Robert Shwartzman teamed up to prepare a delectable local Mexican cuisine.