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2018 F1

Am I afraid to see Mercedes or Ferrari leave F1? – Todt

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FIA’s president Jean Todt has revealed that negotiations with Ferrari regarding their F1 future, will include the controversial subject of their power to veto F1 rules changes.

Formula One’s most successful and the historic team – the Italian manufacturer enjoys a privileged status but also massive power in Formula 1. Beyond the bonuses and financial rewards, the iconic Ferrari also has the capacity to veto rules, although under certain conditions.

“It is decades that Ferrari has what is called this veto right,” Todt told a media briefing in Abu Dhabi.

“When we are going to discuss about the renewal of the agreement, it is part of the things which will be discussed.”

Ferrari have been threatening to leave the Formula One for a while now, with CEO Sergio Marchionne regularly criticizing the owners of F1, Liberty Media, for their current proposals which would see engines standardized and finances more evenly distributed among constructor teams.

Todt, who managed Ferrari’s F1 team between 1994 and 2007, said both they and the sport would be worse off if they did not continue together.

“Am I afraid to see Mercedes or Ferrari leave? That’s their choice,” he said.

“What is sure, we don’t want anybody to leave. But of course Ferrari is one of the iconic brands. It’s a company, a team, which has been participating in every single Formula 1 championship since its creation.”

“So I don’t want to see Ferrari leaving, I’m not sure if it would be a good thing for Ferrari to leave Formula 1, because why it is a unique brand is because it’s such combined between racing and road cars.”

“I think it will be also painful for Ferrari not to be in Formula 1, but that’s not my responsibility anymore.”

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