10:06 – World Champions Mercedes paid over $4.6m in entry fees for the 2018 Formula 1 season, a reduction of over half a million on the previous campaign, GPUpdate.net can reveal.

Mercedes, under new regulations, battled Ferrari in the opening half of the season, before pulling clear after the summer break, to clinch its fourth straight Constructors’ crown.

An amended entry fee system, introduced in 2013, mandated every team to pay a flat entry fee of $516,128, indexed by the US CPI [Consumer Price Index], along with a sliding scale dependent on its success.

The Constructors’ Champions must pay a fee of $6194 for each point earned, with the remaining outfits charged $5161 per point amassed, with the amount payable by 30 November.

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