Ferrari calls for meeting to discuss future of F1

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Ferrari president Luca di Montezemolo has written a formal letter to the ruling powers in Formula 1, calling for a meeting to discuss the future of the sport following a “wrong turn”.

Montezemolo was quoted earlier this week as saying that Ferrari may consider its future in F1, only for the team to claim that his words had been misunderstood. It is common knowledge that the marque’s president is unhappy with the direction that the sport has taken, largely due to the new ‘efficient’ regulations, and now he is looking for firm action.

As part of the discussions, Montezemolo would like to focus on younger markets and fans, and has cited companies such as Google and Apple as being examples to follow.

The statement from Ferrari reads as follows:

“Ferrari has had Formula 1 coursing through its veins for over half a century and that’s why it has decided to make a move to turn the sport away from the wrong turn it appears to have taken.

“The Maranello marque has decided to do this through the means of a formal act, which is a concrete proposal, in the form of a letter from its President Luca di Montezemolo to the Formula 1 rights holder, Bernie Ecclestone and to Donald McKenzie, the president of the company that owns Formula 1.

“It is not an ultimatum, nor a threat, but a proposal to call together all the key players in the sport to sit down around a table and come up with new ideas that will see Formula 1 continue to set the benchmark in motorsport, on level terms with global events such as the Olympics and the football World Cup.

“The President wants to see a collective brainstorming from the group to act for the good of Formula 1. Contributions from all areas are of value; teams, sponsors, promoters and media, so that the key values of Formula 1 can be reestablished. President Montezemolo would also like to see other high-end players invited, those who are currently not involved or only partially so; new media, social networks and colossi such as Google and Apple.”

“Formula 1 has to be based on technical innovation, research and development, but this must all be done with sustainable costs and above all, must be moved forward as part of a product that can put on a show. Because it is the show that draws in the commercial partners, the sponsors and, above all, the fans, who are the real end users of the Formula 1 product.

“Finding the right mix of these ingredients will be vital for the sustainability and the future success of our much-loved sport.”

Montezemolo was highly critical of the new regulations that saw a greater focus be placed on efficiency, including a downsize from V8 engines to V6 turbocharged power units. In Bahrain, he called the new F1 “taxi cab racing”, only for the on-track action to be some of the most thrilling in recent years.

Formula 1 has been known to be adverse to non-profitable activities, such as investment in social media which – despite being highly valuable – does not provide an immediate return on investment. However, if the sport is to attract the new, younger generation, it might be in its interest to heed Montezemolo’s words.

That said, the on-track action is certainly still keeping fans glued to TV, with the 50m fall in global viewership largely coming as a result of the change in broadcasters in France and China.

If Ferrari was dominating the sport in the same fashion that Mercedes currently is, it would be interesting to see just whether Montezemolo would be so vocal about its future.

‘No desire’ for Lewis Hamilton to race in Indianapolis 500

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Lewis Hamilton has ruled out a future appearance in the Indianapolis 500, saying he has “no real plans” to do any serious racing once his time in Formula 1 is over.

Former teammate and current McLaren driver Fernando Alonso took part in the 101st running of the Indy 500 in May, qualifying fifth and running high up the order before retiring late on with an engine issue.

The F1-to-IndyCar crossover proved to be one of the biggest motorsport stories of the year, and has stirred the imagination of other drivers to make a similar step into other events in the future, including the 24 Hours of Le Mans which is known to be on Alonso’s radar as well as that of Haas racer Romain Grosjean.

Three-time F1 world champion Hamilton admired 2017 Indy 500 winner Takuma Sato’s victory ring when on the podium at the Japanese Grand Prix earlier this month, trying it on and joking it may spur him to enter the race to try and win the jewelry.

Speaking ahead of this weekend’s United States Grand Prix in Austin, Texas, Hamilton stressed he made the comment in jest, saying he holds not interest in entering the ‘500.

“Honestly it hasn’t inspired me to do the Indy 500,” Hamilton said.

“I’ve always respected it and appreciated it. I got to watch part of it when Fernando did it which I thought was super exciting. I love the idea of drivers being able to do more than one series.

“Just the other day I got to drive an F1 car on an oval circuit which was interesting. I have a huge amount of respect for those drivers as it is quite scary approaching those banks at the speeds that they do.

“I personally don’t have a desire to drive it. Maybe one day I will go out and have some fun.

“I have a lot of opportunities to do those kinds of things, but no real plans to do anything serious.”

Hamilton has previously said he would like to try a NASCAR race for fun one day, but has made clear his plan after his F1 career is over is to distance himself from racing in order to pursue other interests.