Can you get dropped from Elite rank?

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@wildwestcowboy wrote:

Is it possible to get dropped from Elite rank?

Are there even divisions for Elite? I thought it was just a leaderboard. 

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Here's what I can confirm to you all after checking with the team:

• Elite has no divisions, it is just a leaderboard of all players who have made it to the top rank (you can see it here as I got promoted today).
• During the current Season, you cannot be dropped from Elite.
• At the start of the following Season, all players (across all ranks) drop down to lower ranks.
• Where they drop down to depends on where they ended up in the previous Season.
  
  
• Elite >>> Gold
• Gold >>> Silver
• Silver >>> Bronze

Additionally, if you make Elite in any Season, you'll be awarded with a set of customisation items commemorating your Elite status for that Season.

You get these in your in-game mail the moment you get promoted (so, today if you made it up to Elite this week).

You also unlock the relevant Trophy/Achievement when you fire up the game after promotion, if it's your first time in Elite in F1 23.