F1: Ferrari’s (NYSE:RACE) Sebastian Vettel Celebrates Birthday in Paris

F1: Ferrari’s (NYSE:RACE) Sebastian Vettel Celebrates Birthday in Paris

F1: Ferrari’s (NYSE:RACE) Sebastian Vettel Celebrates Birthday in Paris

$RACE

The FIA has decided that Sebastian Vettel’s behavior at the Formula 1 Azerbaijan Grand Prix warranted no additional penalty after a Paris meeting with Ferrari Team Principal Maurizio Arrivabene and Mr. Vettel, on his 30th birthday.

During the race, the incident was reviewed by stewards and Mr. Vettel was given a 10-sec Stop & Go penalty for driving his car into Lewis Hamilton’s leading Mercedes behind the Safety Car.

The drivers’ championship leader was also given 3 additional penalty points on his FIA Superlicence, taking his total to 9. Since the licence system has been implemented, no driver has faced a ban.

Daniil Kvyat has had 12 non-concurrent points and Carlos Sainz and Max Verstappen have both been on 8 points at times. Sergio Perez has incurred points in 4 seasons without risking a race ban.

Tuesday, FIA Race Director Charlie Whiting, Deputy President for Sport Graham Stoker, General Secretary for Sport Peter Bayer, and Deputy Race Director/Safety Director Laurent Mekies met with Messers Vettel and Arrivabene at the FIA’s Paris HQs.

The following statement was released Tuesday evening: “Following detailed discussion and further examination of video and data evidence related to the incident, Sebastian Vettel admitted full responsibility. Sebastian Vettel extended his sincere apologies to the FIA and the wider motor sport family. He additionally committed to devote personal time over the next 12 months to educational activities across a variety of FIA championships and events, including in the FIA Formula 2 Championship, the FIA Formula 3 European Championship, at an FIA Formula 4 Championship to be defined and at the FIA Stewards’ seminar.

“Due to this incident, FIA President Jean Todt instructed that no road safety activities should be endorsed by Sebastian Vettel until the end of this year.

“The FIA notes this commitment, the personal apology made by Sebastian Vettel and his pledge to make that apology public. The FIA also notes that Scuderia Ferrari is aligned with the values and objectives of the FIA.

“In light of these developments, FIA President Jean Todt decided that on this occasion the matter should be closed.”

Mr. Vettel’s penalties at the Azerbaijan GP will therefore be the only ones he bears for swerving into Mr. Hamilton, over whom he has a 14-point lead in the drivers’ championship standings heading into the Austrian GP this weekend.

A public apology is expected from Mr. Vettel.

“Top level sport is an intense environment in which tempers can flare,” said FIA President Jean Todt.

“However, it is the role of top sportsmen to deal with that pressure calmly and to conduct themselves in a manner that not only respects the regulations of the sport but which befits the elevated status they enjoy.

“Sportsmen must be cognizant of the impact their behavior can have on those who look up to them. They are heroes and role models and to millions of fans worldwide and must conduct themselves accordingly.”

The FIA statement continued, “However, while respecting the Stewards’ decision, the FIA remained deeply concerned by the wider implications of the incident, firstly through the impact such behavior may have on fans and young competitors worldwide and secondly due to the damage such behavior may cause to the FIA’s image and reputation of the sport.”

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 85.81 3 July 2017 -0.21 86.34 86.95 85.81 399,500
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.30) Neutral (0.07) Bullish (0.39) Bullish (0.46)

Stay tuned…

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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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