F1 News, Views and Reviews

Official: Ferrari Threaten To Quit In 2010

Scuderia Ferrari bosses met today to discuss the future of their team in Formula One.

They have announced, through complete agreement that if the FIA continues with their plans for the 2010 rules and a £40million budget cap thus creating a two tier Grand Prix series, that the most successful F1 team of all time will leave the sport that has brought it so much glory.

It is a decision which will have been taken with a heavy heart, with Ferrari having competed in every single F1 event since 1950.

Drivers such as Michael Schumacher, Alain Prost, Niki Lauda, Gilles Villeneuve, Jody Schekter to name just a few have walked through the hallowed gates at Maranello and thrust the scarlet Ferrari’s around the world’s best circuits.

The statement reads:

“The same rules for all teams, stability of regulations, the continuity of the FOTA’s endeavours to methodically and progressively reduce costs, and governance of Formula 1 are the priorities for the future,” said the statement.

“If these indispensable principles are not respected and if the regulations adopted for 2010 will not change, then Ferrari does not intend to enter its cars in the next Formula 1 world championship. ”

“Although this meeting was originally called only to examine a disciplinary matter, the decisions taken mean that, for the first time ever in Formula 1, the 2010 season will see the introduction of two different sets of regulations based on arbitrary technical rules and economic parameters.

“The Board considers that if this is the regulatory framework for Formula 1 in the future, then the reasons underlying Ferrari’s uninterrupted participation in the world championship over the last 60 years – the only constructor to have taken part ever since its inception in 1950 – would come to a close.”

“The Board also expressed its disappointment about the methods adopted by the FIA in taking decisions of such a serious nature and its refusal to effectively reach an understanding with constructors and teams,” added the statement.

“The rules of governance that have contributed to the development of Formula 1 over the last 25 years have been disregarded, as have the binding contractual obligations between Ferrari and the FIA itself regarding the stability of the regulations.”

“Ferrari trusts that its many fans worldwide will understand that this difficult decision is coherent with the Scuderia’s approach to motor sport and to Formula 1 in particular, always seeking to promote its sporting and technical values,” said the statement.

“The Chairman of the Board of Directors was mandated to evaluate the most suitable ways and methods to protect the company’s interests.”

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