F1: Bernie Ecclestone, “I wouldn’t want Arrivabene’s job at Ferrari”

F1: Bernie Ecclestone, “I wouldn’t want Arrivabene’s job at Ferrari”

F1: Bernie Ecclestone, “I wouldn’t want Arrivabene’s job at Ferrari”

$RACE

Bernie Ecclestone, 84 anni, says Ferrari ‘has gone back to being a very Italian team again’ and feels its problems stem from management issues which Maurizio Arrivabene must find solutions for.

After a resurgence in Y 2015 with the arrival of Sebastian Vettel from Red Bull bringing 3 race wins, the Italian manufacturer’s progress has stalled this season.

Ferrari is behind Red Bull in the F1 line up, and after a furious Sebastian Vettel was demoted from a 1st rostrum finish since Monza to 5th place in Mexico, Mr. Ecclestone hopes for change in Y 2017 to see a competitive 3-way battle for F1 supremacy.

Boss Ecclestone’s criticism of Ferrari’s latest faults is ‘being run like an Italian team’ and has compared it to the transformation of the team’s fortunes 15 years ago when Jean Todt took over as The Scuderia’s principal.

“All I hope is that Ferrari get their act together and start winning races,” Mr. Ecclestone said “What Maurizio [Arrivabene] desperately needs is a good back-up support like Mercedes have got, for example. If he had the support that Mercedes has, they would win races. I am also sure that you will see a different Ferrari next year.

“When I got Jean Todt to take his position and go to Maranello, which was a bit of a risk for Jean to do it was an all-Italian team and they were a bit concerned about taking a foreigner. But I told them: when you win the championship you sure will find ancestry in Jean’s family that comes from Sicily.

“Now it has gone back to being a very Italian team again. And it is run like an Italian team. So I don’t envy Maurizio’s job. I wouldn’t want to do it.”

Mr. Ecclestone also explained in an open and honest account on F1’s latest situation that he feels Mr. Vettel’s attempt to emulate Michael Schumacher may fall short as he believes the 4-time F1 world champion hasn’t been able to galvanize the team around him.

Ferrari is in a frustrating run of form during 2-H of Y 2016, despite 12 Top 5 results between Mr. Vettel and team-mate Kimi Raikkonen since the British Grand Prix, Vettel’s 3rd place at Monza remains its sole podium in the past 10 races. Mr. Raikkonen has failed to reach the podium  since the Austrian Grand Prix in June.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 51.07 4 November 2016 0.57 50.43 51.44 50.39 554,000
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.15) Neutral (-0.01) Neutral (-0.08) Very Bullish (0.54)

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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