Some more of the cost talk – How Formula 2 compares with Formula 1 ?

Robert Wickens will race in Formula 2 in Red Bull colours

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 :-) .

See also: What is the difference between GP2 and Formula 2 ?

3 Comments Post a Comment
  1. DankNo Gravatar says:

    There would be other costs involved in F2 (logistics etc), but the point still stands: F1 is jolly expensive!

    • F1WolfNo Gravatar says:

      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 :-)

  2. [...] 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. [...]

promogifts.hk

2013 Teams and Drivers

Red Bull
1. Sebastian VETTEL
2 Mark WEBBER
Ferrari
3. Fernando ALONSO
4. Felipe MASSA
McLaren
5. Jenson BUTTON
6. Sergio PEREZ
Lotus
7. Kimi RAIKKONEN
8. Romain GROSJEAN
Mercedes
9. Nico ROSBERG
10. Lewis HAMILTON
Sauber
11. Nico HULKENBERG
12. Esteban GUTIEREZ
Force India
14. Paul di RESTA
15. Adrian SUTIL
Williams
16. Pastor MALDONADO
17. Valtteri BOTTAS
Toro Rosso
18. Daniel RICCIARDO
19. Jean Eric VERGNE
Caterham
20. Charles PIC
21. Giedo van der GARDE
Marussia
24. Jules BIANCHI
25. Max CHILTON

2013 F1 Calendar

15-17 March - Australia
22-24 March - Malaysia
12-14 April - China
19-21 April - Bahrain
10-12 May - Spain
23-26 May - Monaco
07-09 June - Canada
28-30 June - Great Britain
5-7 July - Germany
26-28 July - Hungary
23-25 August - Belgium
06-08 September - Italy
20-22 September - Singapore
04-06 October - Korea
11-13 October - Japan
25-27 October - India
01-03 November - Abu Dhabi
15-17 November - USA
22-24 November - Brazil

Archives

2010 Mercedes GP F1 Merchandise