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Ferrari wants Liberty to outline its plans for F1's future
Ferrari says it wants clarity from Formula 1's new owners Liberty Media about the shape of the sport beyond 2020 if it is to commit to buying a stake. Liberty is eager for current teams to buy shares in F1, because it believes their investment and having a financial interest will help drive the sport forward. But Ferrari president Sergio Marchionne said during an investors conference call on Thursday, to discuss his company's latest financial figures, that there is little reason for teams to jump on board right now. For with F1's bilateral commercial agreements only set in stone until the end of 2020, choosing to buy into something that could be very different in five years' time was not...
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7y ago from Motorsport.com
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