Formula 1

Ferrari.

Ferrari explain why they're threatening to leave Formula One

Published Add your comment

Football News
24/7

Not too long ago, Ferrari dominated Formula One.

With the legendary Michael Schumacher as one of their drivers, Ferrari won the Constructors’ Championship eight times from 1999 through to 2008.

But, since then, Ferrari haven’t had much to shout about.

Once again, Scuderia Ferrari had to play second fiddle to Mercedes this season with Lewis Hamilton getting the better of Sebastian Vettel.

But there might not be any further battles between Ferrari and Mercedes in F1.

Why?

Because chairman and CEO Sergio Marchionne has warned that they may sensationally quit the sport.

While Marchionne supports the cost-cutting measures that Liberty Media are proposing, there are other strategic issues that could force Ferrari to consider racing elsewhere.

AUTO-PRIX-F1-MEX-RACE

Liberty are looking to level the playing field after the current agreement with teams end at the end of the 2020 season.

Discussions will take place next Tuesday about a simpler engine and, while Ferrari support that idea, they appear to disagree with the “strategic development" after 2020.

Why Ferrari are thinking about quitting F1

"I think you need to be absolutely clear that unless we find a set of circumstances, the results of which are beneficial to the maintenance of the brand in the marketplace and to the strengthening of the unique position for Ferrari, Ferrari will not play," Marchionne said.

"We're walking into this meeting next Tuesday with the best of intentions, we'll see where it takes us.

"I am attending those meetings on strategy because it's important, because it matters a lot to this business. The financial implications of the wrong choice for the moment going forward are pretty significant to Ferrari.

"It (Formula One) has been part of our DNA since the day we were born. But if we change the sandbox to the point where it becomes an unrecognizable sandbox, I don't want to play anymore."

F1 Grand Prix of Mexico

Asked how he would feel about being the chief executive who led Ferrari away from Formula One, Marchionne replied: "Like a million bucks because I'll be working on an alternative strategy to try and replace it. More rational one, too."

Ferrari are the only team that have been in Formula One since the first World Championship season in 1950 and are the most successful.

Formula One certainly wouldn’t be the same without them.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: https://www.givemesport.com/writeforgms

Topics:
Nico Rosberg
Lewis Hamilton
McLaren
Jenson Button
Fernando Alonso
Mercedes
Formula 1
Ferrari

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again