Ferrari want more investment in Formula One

Ferrari team principal Stefano Domenicali has urged Formula One's commercial rights holders CVC to start investing in the sport to guarantee his team's future interest.

The direction of F1 has hit the headlines this week, notably with Rupert Murdoch's News Corporation and investment giant EXOR - which is run by the powerful Agnelli family - declaring an interest in forming a consortium that could lead to a takeover.



As part of the backdrop, discussions are due to begin in earnest on a new Concorde Agreement, the commercial arrangement which binds the teams, world governing body the FIA and CVC together.



Ferrari president Luca di Montezemolo has made clear in the past his unhappiness that CVC rake in half of F1's annual profits of around £600million, yet do not invest.



It is understood Di Montezemolo, supported by the teams, will want a greater return from the future Concorde Agreement, otherwise the threat of a breakaway series could again return, as was the case in 2009 when discussions last took place.



The waters are further muddied by the fact the Agnellis have a 30% stake in Fiat, which in turn runs Ferrari.



Speaking to Gazzetta dello Sport, Domenicali said: "At the moment everything is calm, but soon something will happen.



"From the commercial point of view we need to clarify the following points: who will be involved in the talks?



"I mean which teams and constructors want to stay and which want to enter F1? And who is responsible for the show? A marketing partner is needed.



"It can be CVC once more, but it must invest in F1 and develop, and we must make sure our sport becomes interesting for young people.



"F1 must speak their language, use their technologies, internet, tablets, social forums, and remain comprehensible for the audience.



"F1 is interesting for Ferrari only if these points are taken into consideration, and we must avoid changing the rules too often.



"We need stability, on top of having grands prix in important countries for our sales, first of all in the USA."



In a statement in light of all the talk surrounding the Agnellis and Ferrari, the team have made it clear that stability is paramount.



"All we can do is repeat what has already been said so often in the past: Ferrari stresses the importance of ensuring the long term stability and development of Formula One."



PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Daily Quiz
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible
Look what's mushrooming now! Meat-free recipes and food scandals help one growing sector

Look what's mushrooming now!

Meat-free recipes and food scandals help one growing sector
Neil Findlay is more a pink shrimp than a red firebrand

More a pink shrimp than a red firebrand

The vilification of the potential Scottish Labour leader Neil Findlay shows how one-note politics is today, says DJ Taylor
Bill Granger recipes: Tenderstem broccoli omelette; Fried eggs with Mexican-style tomato and chilli sauce; Pan-fried cavolo nero with soft-boiled egg

Oeuf quake

Bill Granger's cracking egg recipes
Terry Venables: Wayne Rooney is roaring again and the world knows that England are back

Terry Venables column

Wayne Rooney is roaring again and the world knows that England are back
Michael Calvin: Abject leadership is allowing football’s age-old sores to fester

Abject leadership is allowing football’s age-old sores to fester

Those at the top are allowing the same issues to go unchallenged, says Michael Calvin