Ferrari warns F1: Take our quit threat seriously

From ESPN - December 3, 2017

Ferrari chairman Sergio Marchionne insists the Italian company is serious about its threat to withdraw from Formula One if Liberty Media does not change its plans for the sport's immediate future.

Ferrari, the only team to have contested every world championship since F1's inaugural year in 1950, issued the warning in early November after Liberty outlined its blueprint for the next cycle of engine regulations, set to start in 2021. The sport's new owners, who took control in early 2017, are believed to be considering ways to redistribute prize money among F1's teams, while also looking at how to enforce a cost cap to address the current disparity in performance between teams on the grid.

At the time, Marchionne questioned whether Liberty Media's plans were in line with F1's DNA, saying: "If we change the sandbox to the point where it becomes an unrecognisable sandbox, I do not want to play anymore."

Though Ferrari's sister brand Alfa Romeo has just confirmed its return to Formula One next year as title sponsor for Sauber, Marchionne says it would be unwise for people to underestimate his original declaration.


Continue reading at ESPN »