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Ferrari chairman Sergio Marchionne reacted to latest proposals at a shareholders' meeting

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Ferrari chairman Sergio Marchionne has once again repeated the threat that his team are prepared to leave Formula One if the proposed engine regulations come into effect.

The Italian manufacturers have enjoyed a great start to the new season, with Sebastian Vettel picking up two victories from the first three races, but their long-term future in the sport remains in doubt.

Liberty Media have proposed a number of changes from 2021 and appear to have a big focus on cutting costs and limiting how much a team can spend.

A shake-up to how the revenue is distributed between teams and plans for a hybrid turbocharged unit engine have also been proposed and have been met by scrutiny by many of those in the paddock.

Further negotiations between Liberty Media and the 10 teams have been ongoing ever since. A set of more detailed possible proposals were presented to the constructors before the Bahrain GP, of which only a general summary was released to the public.

Ferrari refused to provide an immediate reaction to the latest meeting between F1 bosses and constructors but it would appear to have made no difference to chairman Sergio Marchionne. 

According to French organisation AFP, per ESPN, Marchionne made it abundantly clear at a shareholder meeting that threat of Ferrari pulling out remains on the table.

"If F1 becomes more of a spectacle than a sport, if we go in the direction of NASCAR races, then Ferrari will leave," said Marchionne. "If there are any proposals that distort F1, I think Ferrari will pull out."

F1 Grand Prix of USA

So it remains uncertain times for Ferrari fans.

There's no doubt there will be a huge void in Formula 1 should Ferrari leave. Only time will tell if Liberty are truly willing to appease them, though.

Of course, they are not the only manufacturer currently considering their options and even some of the drivers have expressed concerns over the direction of the sport.

The next 12 months or so could quite easily define the path Formula 1 takes for the next decade.

Topics:
Formula 1
Kimi Raikkonen
Ferrari

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