Ferrari (NYSE:RACE) is the Lead Draw for F1, Must Be Respected

Ferrari (NYSE:RACE) is the Lead Draw for F1, Must Be Respected


FLASH: F1 boss Ross Brawn says Ferrari must be respected by their pit-lane rivals as plans are made for the sport moving forward.

The F1 strategy group met in London this week to discuss an array of topics as Liberty Media and the FIA look to develop the pinnacle of motorsport.

And 1 of the Key subjects up for debate is the way money F1 generates is split between the 10 teams which line up on the grid at each race.

Ferrari (NYSE:RACE) the most successful team in the history of the sport, receive considerably more than MercedesAMG and Red Bull Racing.

Liberty Media’s F1 Managing Director of Motorsports Brawn, who was an integral part of Ferrari’s glorious stint in the 2000’s, has has spoken out on their status as F1 teams lobby for a bigger percentage of the money.

“Ferrari is special,” Mr. Brawn told the Motorsports media

“The other teams must understand that The Scuderia must be treated with respect. But the balance has to be right.

“Because we will never attract new teams and manufacturers, if it is not financially attractive to win in Formula 1. I think Ferrari also recognized that.”

F1 teams currently receive 68% of the revenue the sport generates each year.

While that number is likely to increase, it remains to be seen which of the teams will benefit most.

Ferrari are battling this season to end a trophy-drought which stretches back to their Y 2008 World Constructors’ Championship success.

Ferrari will be looking to bounce back from a disappointing Australian Grand Prix when this weekend’s race takes place in Bahrain.

The iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

Ferrari is the Aristocrat of the automotive sector.

HeffX-LTN overall technical outlook for RACE is Bullish across the board, and there is very little resistance here and none above 140.26. All of our Key indicators are Very Bullish in here.

Stay tuned…

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