Max Verstappen handed £845k bill to stay in F1 with Lewis Hamilton charged half as much… read more
Max Verstappen, the reigning Formula 1 World Champion, has reportedly been handed a substantial bill of £845,000 to continue his participation in the sport. This sum is associated with the cost of maintaining his place on the grid, which includes various fees and taxes linked to his participation in Formula 1. Interestingly, Lewis Hamilton, another star driver in the sport, is said to have been charged only half of Verstappen’s total cost, which raises questions about the differing financial burdens placed on each of these top drivers.
The disparity in the charges can be attributed to several factors. For one, Verstappen and Hamilton are operating in different financial environments. Verstappen, who has signed long-term contracts with Red Bull Racing, may face a higher cost due to his team’s financial structure, sponsorship deals, or contractual terms. Meanwhile, Hamilton’s contract with Mercedes may have negotiated a different set of conditions, potentially influencing the overall cost of his participation.
These figures highlight the growing financial complexity within Formula 1, where costs for top drivers can vary significantly depending on contracts, personal sponsorship deals, and team agreements. Despite these high costs, both Verstappen and Hamilton remain among the most prominent and highly-paid drivers in the sport, reflecting their immense value and marketability in the world of motorsport.
