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Monday, May 11, 2009

Ferrari considers its F1 future

Ferrari’s board of directors meet Tuesday to discuss its future in the sport, the company announced in a statement.

F1 2009 - Rd5 Spanish GP - Practice

Ferrari Board of Directors’ meeting will be held tomorrow

Maranello 11 May 2009 – Ferrari Board of Directors’ meeting will be held tomorrow at the Ferrari Headquarters in Maranello.

The agenda includes
  • First quarter performance and forecast 2009;
  • Current situation analysis, governance developments and future F1
The meeting will begin at 3 p.m.

It is no secret the team has been at odds with the FIA over the £40m budget cap for 2010. Chief among concerns is the possibility the sport would be run under two sets of regulations.

Max Mosley has famously said the sport will survive without Ferrari, though F1 supremo Bernie Ecclestone has said he will not allow that to happen.

While the budget cap has found favor among some of the teams, Toyota and Red Bull (and, of course, Toro Rosso) have also threatened to pull out over the “two-tier” system.


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