F1 News, Reports and Race Results

Verstappen set for record-breaking 2024 Super Licence fee

Success comes at a cost for three-time world champion Max Verstappen who is on track to fork out a record-breaking fee in excess of €1 million for the privilege of racing in F1 in 2024.

F1's Super Licence is a mandatory permit for all drivers that is issued by the FIA, and with a hefty performance-linked price tag attached to it.

Ahead of this year’s campaign, each driver paid to the FIA a base fee in euros of €10,400, plus €2,100 per point scored during the 2022 season to race in F1 in 2023.

However, according to a report from Speedcafe, it is expected that both numbers will increase in 2024 as the result of being indexed to inflation.

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Verstappen’s extraordinary hegemony this year in F1, which has led to the Red Bull driver scoring 524 points year-to-date, will the see the Dutchman fork out an estimated €1,188,556 based on his current score card!

Ahead of his banner 2023 season, a disgruntled Verstappen expressed his indignation with the FIA demanding so much of his hard-earned dollars.

"I think the sum is absurd," Verstappen told Austrian broadcaster Servus TV last February.

"I don’t think it’s right that we have to pay so much. That’s not the case in other sports either. And there are more and more races."

It's a very secondary concern for Max however, as next year's hefty sum apparently won't come out of his wallet according to Red Bull motorsport boss Helmut Marko.

"I’m afraid we have to pay that, if I have our contract right in my head," said the Austrian, a cringe on his face.

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.