The return of Formula Two

The FIA announced today that decided to resurrect the old Formula Two series which has not been in existence since 1984. The FIA hopes to create an inexpensive feeder series in which teams won't to spend more than $311,000 a year on a team.

People are finding that hard to believe. One GP2 team boss told autosport.com: "Our cars actually cost �190,000 [$300,000], and that's without the engines. If it's a junior formula, like Formula Ford or something, then fine, but you cannot run anything substantial for that kind of money. For example, a Formula BMW costs just under �300,000 [$470,000] to run per car in Europe, and that's with zero margin.
"I can't think what cars they expect to run for �200,000, because there are people spending that kind of money in karting in Europe."

No word though on whether or not this series will replace the GP2 series or how the series will be run within the F1 feeder series ladder.

FIA plans to resurrect Formula Two [Autosport.com]