F1 Ends Without Ferrari (NYSE:RACE) on the Grid

F1 Ends Without Ferrari (NYSE:RACE) on the Grid

F1 Ends Without Ferrari (NYSE:RACE) on the Grid

$RACE

F1 absolutely cannot do without Ferrari; that’s the verdict from Nigel Mansell who feels the sports needs to hold onto its manufacturer teams.

Last year Liberty Media’s (NASDAQ:LMCA ) blueprint for the way forward for F1 engines caused an uproar with the manufacturers, so much so that Ferrari threatened to walk away from the sport.

The Scuderia’s President Sergio Marchionne insists that if F1’s new owners changed things too much, if Liberty does, Ferrari will not race F1 anymore.

And that, Mr. Mansell says, would not be good for F1.

Asked by reporters if F1 could do without Ferrari, the Mr. Mansell said: “Absolutely not. F1 will have great challenges ahead if they let any manufacturer walk away.

“We only have 20 cars on the grid now. In the heyday, there were 43 F1 cars trying to qualify for 26 places.

“The fans worldwide are crying out to have 26 cars now. We need new drivers, new blood, new manufacturers to start competing on a level playing field.”

In fact, the 1992 World Champion driver reckons F1 needs to attract more teams and more manufacturers but do so in a way that appeals to everyone, the old and new teams.

“We have got a backlog of great drivers wanting to come into Formula 1 and we need more manufacturers with at least 26 cars on the grid.

“Hopefully Liberty are going to get some new regulations that everyone will embrace and there will be a more level playing field where people can be competitive.

“There is something wrong with any sport when you have, as a good or bad example, an incredible team like McLaren who have won so many World Championships and an incredible manufacturer of engines like Honda, they couldn’t get it together. It shouldn’t be that difficult.”

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 127.14 2 February 2018 -1.05 130.35 130.63 126.76 1,395,400
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.45) Very Bullish (0.51) Bullish (0.35) Very Bullish (0.50)

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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