Cost of Licence
The FIA makes a profit in the business of Super Licence by making it mandatory for the Super Licence holder to pay a certain amount to the FIA as a licence fee, per year. The cost of a super-licence rose by an average £8,700 in 2009. There is an extra charge of € 2,100 per point earned in 2008, up from €447 per point in 2007. In 2010, Lewis Hamilton paid £242,000 for his licence for the season. The idea of reducing the licence cost is a turnaround for FIA president Max Mosley who, in February, wrote to Formula 1 drivers suggesting that they "race elsewhere if they were unable to pay for their super-licences." After a meeting on this subject, the FIA issued the this statement: "Following a very positive meeting between FIA President Max Mosley and representatives of the Grand Prix Drivers' Association (GPDA), a proposal will be made to the World Motor Sport Council to revise super-licence fees for drivers in the 2010 championship".
Read more about this topic: FIA Super Licence
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