Following the FIA’s official confirmation of the 2019 entry list, the respective entry fees have now been revealed.

As per the current regulations, all teams are required to pay a base figure, which this year stands at £424,368 ($546,133), then all teams must then pay additional costs based on the World Championship points earned in 2018.

As champions, Mercedes were required to pay £3.759m ($4.838m) in total, which includes the £424,368 base figure plus 655 points at a price of £5,093 ($6,553) per point.

The remaining nine teams all pay the same basic figure, but are charged £4,241 ($5,459) for each point instead.

The total entry fee costs exceed £13m ($17.4m).

Entry fees for 2019

Mercedes: £3,759,400 ($4,838,348)
Ferrari: £2,846,326 ($3,663,222)
Red Bull: £2,201,596 ($2,833,454
Renault: £941,827 ($1,212,131)
Haas: £818,819 ($1,053,820
McLaren: £687,328 ($884,591)
Racing Point: £644,911 ($830,001)
Sauber: £627,945 ($808,165)
Toro Rosso: £564,320 ($726,280)
Williams: £454,037 ($584,346)