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December 17, Sunday 2017 3:32 PM       

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       SPORTS Next Article: Kerala's Basil Thampi in SL T20 team; Bumrah named in SA Test squad  
       Ferrari boss reiterates threat to quit F1
 
         Posted on :00:15:16 Dec 5, 2017
   
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       Last edited on:00:15:16 Dec 5, 2017
         Tags: Ferrari boss reiterates threat to quit F1
 

JOHANNESBURG: Ferrari boss Sergio Marchionne has reiterated his threat to quit Formula One racing, saying that there are certain things which they can't back down on.

Earlier, Marchionne had said that the Italian team would quit F1 if its new owner Liberty Media continued to press on over new engine rules.

It should be noted that Liberty Media had announced several changes to the engine regulations aimed at cost reduction.

Though Marchionne had agreed with the cost-cutting reasons, he had stated that there were other strategic issues that could force Ferrari to think over racing elsewhere.

Keeping firm on his stand, the Ferrari boss now said that the threat was not at all an idle one, adding that they need to find a solution which is good for the sport.

"The dialogue has started and will continue to evolve. We have time until 2020 to find a solution which benefits Ferrari. We have to find a solution which is good for the sport but we also have to be clear on the things we can't back down on," Sport24 quoted Marchionne as saying.

Ferrari are the only team to have competed in the Formula One World Championship continuously since its inception in 1950.

Jose Froilan Gonzalez gave the team its first F1 victory at the 1951 British Grand Prix.

Also, it has been established that Monaco Grand Prix and Ferrari are the two central pillars of Formula One racing and that their current share of the revenues reflects that special status.

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       SPORTS
Next Article: Kerala's Basil Thampi in SL T20 team; Bumrah named in SA Test squad
 
 
SPORTS HEADLINES
ISL 2017/18: FC Goa outplay Delhi Dynamos to move into top spot  
Sania Mirza to give Australian Open a miss  
Sindhu enters title round of Dubai Super Series Finals  
Agassi could prove to be good coach for Djokovic: Becker  
ISL: Kerala Blasters defeat 10-man NorthEast United by slender margin  
Fight Card announced for Vijender Singh's double title bout night  
Dubai Open: Srikanth bows out, Sindhu advances  
ISL 2017-18: Miku's double strike helps Bengaluru FC beat FC Pune City 3-1  
National Shooting C'ship: Elavenil Valarivan crowned women's air rifle champ  
Narinder Batra elected IOA president  
Hockey legend's wife accuses Trump of harassment  
Mohali Test: Rohit Sharma's double ton helps India level series  
Williams drops big hint at Australia Open return  
Maradona skips charity match, spends time with kids  
Cricket fraternity pours in wishes on Yuvraj's 36th birthday  
BCCI appoints chief operating officer for NCA  
India to play 81 matches at home from 2019-2023  
BCCI revokes ban on Rajasthan Cricket Association  
Hamilton Test: Kiwis reduce Windies to 30-2 after Taylor's landmark ton  
Diego Maradona arrives in Kolkata on three-day visit  
Our batting let us down on a seaming track: Rohit Sharma  
Dharamsala ODI: Lankans trounce India by seven wickets  
Dharamshala ODI: India fold for 112 after Lankan pacers' burst  
Olympian Sajan Prakash to sell medals for training  
Hamstring injury rules Jadhav out of Lanka ODIs  
 
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