Formula One drivers have delayed signing their licenses for this season’s championship after the sport’s governing body hiked the price.
The cost of the super license, which allows F1 drivers to race, has jumped from $514 to $13,362. FIA said the increase was necessary to cover escalating safety costs.
FIA has increased the cost of winning, with each championship point won rising from $128 to $2,700. With all of the increases, Formula One champion Lewis Hamilton will have to shell out nearly $283,000 to compete this year based on the points he accumulated last year.
The Grand Prix Drivers’ Association said that the Teams Association would look into the matter next month, while FIA president Max Mosley is reportedly ready to consider the matter if drivers reveal their financial records.