Robert Wickens will race in Formula 2 in Red Bull colours
Red Bullog had a post on Red Bull’s junior driver Robert Wickens signing up for the 2009 Formula 2 championship. The first thought I had was how can Red Bull afford yet another open wheeler series. So, I did some quick math. I used the 2008 Red Bull F1 budgets as listed by Keith, the Formula 2 cost as listed on F2 website and did some currency conversions:
Formula 2
Cost per driver per season all in is GPB195,000 + GPB25,000 accident damage insurance + VAT
Total: GPB220,000 + VAT per season
Formula 1
Red Bull Racing (2008 spending)
USD164,700,000 = GBP106,600,000
Total: GBP292,000 per day
Scuderia Toro Rosso (2008 spending)
USD128,200,000 = GBP83,330,000
Total: GBP228,300 per day
So, the entire Formula 2 season for one driver will cost less than one day in life of below average funded Formula 1 teams 
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See also: What is the difference between GP2 and Formula 2 ?
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There would be other costs involved in F2 (logistics etc), but the point still stands: F1 is jolly expensive!
yes, and of course the F1 season has 16-18 races, F2 season willl have six, the above Red Bull budgets are for 2 cars, the F2 only for one. so sure the comparison is skewed. but on the other hand I could have used Toyota, Ferrari, McLaren instead of Red Bull and make the figures even bigger
[...] Some more of the cost talk – How Formula 2 compares with Formula 1 ? – F1 WolfOne season of Formula Two costs less than one day of Formula 1. [...]