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Formula 1 needs to urgently reform – Montezemolo
Former Ferrari president Luca di Montezemolo thinks Formula 1 needs to urgently reform. And he said the onus is on the sport's 'owners' – headed by major shareholder CVC – to pull F1 from the brink of a lull that is risking its long-term future. 'The owners have to invest, they must set clear priorities, and they need to engage a management team that is fully focused on those new objectives,' he said in an interview that will appear in the German monthly Manager Magazin on Friday. Italian Montezemolo, involved in formula one for decades until he was ousted by Ferrari's new president Sergio Marchionne, said F1 needs a 'clear plan for 2020″. He suggested CVC needs to either...
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9y ago from ThisIsF1.com
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