F1: Ferrari (NYSE:RACE) and MercedesAMG Could Leave the Sport

F1: Ferrari (NYSE:RACE) and MercedesAMG Could Leave the Sport

F1: Ferrari (NYSE:RACE) and MercedesAMG Could Leave the Sport

$RACE, $LMCA

  • Ferrari is not bluffing, neither is MercedesAMG

Bernie Ecclestone has warned F1 owners Liberty Media that Ferrari AND McLaren could both leave the sport.

Liberty Media (NASDAQ:LMCA) bought into F1 in a $4-B deal last January and have since proposed a number of controversial changes.

The most problematic of those has involved the number of engines that teams will be allowed to utilize from the Y 2021 campaign on.

Ferrari (NYSE:RACE) chief Sergio Marchionne has been vocal in his criticism of the plans, with MercedesAMG’s boss Toto Wolff not a fan either.

Former F1 CEO Bernie Ecclestone has issued a strong warning to Liberty Media with the Y 2018 season due to start this weekend in Australia.

Talking to people like Sergio and Toto, they are not idiots,” Mr. Ecclestone told reporters.

“They will weigh up whether it is better for everyone to leave and do their own series, or do we need the FIA to look over things? So people will start to think what to do.

“The trouble now is that Sergio has come out and said: ‘The next time I see you, I’m going to punch you in the face.’ And when he sees the people, he’s got to be sure that he’s going to punch them in the face. Sergio is not the guy that makes threats as a joke and then runs away from it.”

Liberty Media received mixed responses for considering withdrawing Ferrari’s legacy payments and ending the Grid Girls tradition.

Liberty execs are hoping this weekend’s season-opening Australian Grand Prix goes off without a hitch in Melbourne.

Practice sessions begin at the Albert Park Lake track Friday, with qualifying for Sunday’s race scheduled Saturday.

Enjoy the racing.

Coverage of F1 in the US will return to ESPN this year and begins at Melbourne’s Albert Park with the Australian Grand Prix.

Full programming details below

Note: All times Eastern Daylight Time

Rolex Australian Grand Prix
Practice 1 – Thursday, 22 March, 9:00p – ESPN3
Practice 2 – Friday, 23 March, 1:00p – ESPN3
Practice 3 – Friday, 23 March, 10:00p – ESPNEWS
Qualifying – Saturday, 24 March, 2:00a – ESPN2
Race – Sunday, 25 March, 1:00a – ESPN2

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 121.21 22 March 2018 -2.32 121.93 122.56 120.83 362,921
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bearish (-0.28) Bearish (-0.28) Bearish (-0.25) Bearish (-0.32)

Stay tuned…

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH