More Ferrari News

Despite Committing Huge Mistake in the Past, Fernando Alonso Hailed to Achieve the Much Awaited Feat in Monaco

Eagerly waiting for another career milestone, Fernando Alonso tipped to triumph in Monaco despite his costly mistakes in the past.
Saudi Arabian Grand Prix

Toto Wolff Reveals How Mastermind James Allison’s Wife’s Decision Helped Him Come Back to Mercedes After Quitting F1

Mercedes CEO and TP Toto Wolff reveals why his alchemist James Allison has come back to help the sinking Silver Arrows
Toto Wolff (AUT, Mercedes-AMG Petronas F1 Team), F1 Grand Prix of Azerbaijan at Baku City Circuit on April 30, 2023 in B

Ferrari’s 49,000,000 Move to Lure Lewis Hamilton From Mercedes Dealt Severe Blow as Past Errors by Tifosi Come Back to Haunt Them

Mercedes driver Lewis Hamilton who hasn't yet signed a contract is reportedly lured by Ferrari. But a secret from the past stands exposed.
Lewis Hamilton (L) and Charles Leclerc (R)

Lewis Hamilton Slapped With Harsh Reality Check as Ferrari’s $49,000,000 Stroke of Genius Gets Backed by Hard Hitting Argument: “Last Chance to Do It”

As Lewis Hamilton approaches the final years of his career in F1, the $49 million offer from Ferrari dubbed as his final chance at glory.
Saudi Arabian Grand Prix

Felipe Massa Threatens Legal Action Against Lewis Hamilton’s Controversial Title Triumph With Fresh “Manipulation” Accusation

15 years on, a ghost from the past of Lewis Hamilton comes haunting. And this could have a disastrous effect on the Brit's Formula 1 legacy.
Felipe Massa (L) and Lewis Hamilton (R)

“Dumbest Move if He Stays”: Fans Urge Charles Leclerc to Reject Ferrari’s Empty Promises After High Profile Meeting at Maranello

As the news of Charles Leclerc signing an extention comes out after high profile meeting in Maranello, fans urge Leclerc to reject the deal.
LECLERC Charles (mco), Scuderia Ferrari SF-23, portrait during the Formula 1 STC Saudi Arabian Grand Prix 2023, 2nd roun

Ferrari Prepare to Break the Bank With $14,000,000 Masterstroke to Lure Lewis Hamilton Away From $35,000,000 Mercedes Contract

With Lewis Hamilton in his last year of Mercedes' contract, Ferrari gears up with a $14,000,000 plan to lure the 7X champion.
Saudi Arabian Grand Prix

Toto Wolff Resorts to $86,000,000 Masterplan as Ferrari Threatens to Snatch Lewis Hamilton Away From Mercedes by Splashing the Cash

Toto Wolff tries to contain the damage as Lewis Hamilton and Ferrari could become a real thing sooner as contract talks fail to proceed.
MIAMI GARDENS, FL – MAY 08: Mercedes-AMG Petronas Team Principal & CEO Toto Wolff and Mercedes-AMG Petronas driver Lewis

$6,280,000,000 Worth Ferrari Vice Chairman Instills Faith in Frederic Vasseur Owing to One Crucial Factor Amid Charles Leclerc & Co.’s Persistent Struggles

Despite Ferrari's mounting struggles, Ferrari Vice Chairman refuses to lose faith in new team boss Frederic Vasseur for his experience.
F1 Bahrain Grand Prix 2023 Frederic Vasseur during Bahrain Grand Prix of 2023 Formula One World Championship, WM, Weltme

F1 Journalist Spills the Beans on Charles Leclerc’s Ferrari Contract Situation With Persistent Mercedes Rumors

Ferrari driver Charles Leclerc who has not been having a great time at the team is being rumored to make a move. An insider gives an insight.
Azerbaijan Grand Prix

“One Thing Charles Doesn’t Have”: Leclerc Given a Reality Check on His Glaring Shortcoming With a Big Monaco Jinx To Break

After Miami blunders, ex-Ferrari manager highlights Charles Leclerc's weakness, claiming if he can handle it, he can break the Monaco jinx.
Azerbaijan Grand Prix

With Visible Signs of F1 Success, Fernando Alonso Makes a Reluctant Call on His Elusive Racing Dream: “Maybe I Don’t Want This..”

Aston Martin driver Fernando Alonso stands resurrected after 10 years in Formula 1 but is he putting other dreams on the back burner?
F1 2023 Rolex Australian Grand Prix Fernando Alonso of Spain, Aston Martin Aramco Cognizant, portrait during the Formula

About Ferrari

via Reuters

Ferrari: 2021 Latest News, Results, Drivers and Car Updates

Scuderia Ferrari is one of the oldest teams in Formula 1, having been in the sport since its inception. In 70 years, the Maranello-based outfit has produced nine World Champions, three of which have won multiple times.

The most successful champion has been Michael Schumacher with five titles for the Italian outfit. Other champions include Alberto Ascari, Juan Manuel Fangio, Mike Hawthorne, Phil Hill, John Surtees, Niki Lauda, Jody Scheckter, and Kimi Raikkonen.

Their current line-up for the 2021 season consists of Carlos Sainz jr. and Charles Leclerc. Leclerc is a graduate from the Ferrari Driver’s Academy and made his Ferrari debut in 2019. Carlos comes from McLaren F1 team where Daniel Ricciardo will replace him.

The current Team Principal is Mattia Binotto, and the CEO is Louis Camilleri, who succeeded the late Sergio Marchionne. Marchionne passed away in 2018 aged 66.

Who owns the Ferrari F1 team?

The Scuderia is a part of its parent organization - Ferrari S.p.A. The legendary car manufacturer is owned by the public with a majority stake (67.09%), followed by Exor - a holdings company (22.91%) and Piero Ferrari - son of the great Enzo Ferrari (10.00%).

Ferrari: On-track Achievements

Having been in the sport since 1950, it is fairly obvious that their achievements will be plenty. Their statistics prove it too, as they have earned 16 Constructors' Championships in total. They have also entered 1010 GPs, winning 237 and scoring 768 podium finishes. They have also clinched 228 pole positions.

Sponsors

Their title sponsor is Mission Winnow. Other sponsors include Shell, Ray-Ban, Kaspersky, UPS, Hublot, Mahle, and OMR.

How much does Ferrari earn from F1?

Apart from heritage, the legendary team manages to evoke an emotional connection like no other Formula 1 team. The nostalgia and passion associated with the Maranello-based outfit, coupled with a passionate fanbase, comes at a price for Formula 1.

The Prancing Horse earns a considerably larger sum in revenue compared to its F1 rivals. According to reports, they earned $205 million in 2019 as prize money. Furthermore, the Italian powerhouse is reportedly valued at $1350 Million and generated a revenue of $426 Million for the 2019 season.

How much is the Ferrari F1 team worth?

The Scuderia boasts of the highest net worth of all F1 teams. Reports suggest that it is worth a staggering $1.3 billion.

Best Moments of Ferrari F1 team

Foundations and Charity

They often auction off special F1-liveried cars for the sake of charity. Proceeds raised from the auction support the Telethon Foundation, which has been committed to fostering and developing scientific research for cures of rare genetic diseases since 1990.

In March 2020, the family behind the team donated €10 Million and 150 ventilators to aid in the fight against coronavirus.

Founded1929
FounderEnzo Ferrari
Constructors Championships16
Drivers ChampionAlberto Ascari, Juan Manuel Fangio, Mike Hawthorn, Phil Hill, John Surtees, Niki Lauda, Jody Scheckter, Michael Schumacher, Kimi Räikkönen
Drivers Championships15
Prize Money Won$205 Million (2019)
BaseMaranello
Official Websitehttps://www.ferrari.com/en-EN/formula1
DriversCarlos Sainz Jr, Charles Leclerc
Test DriversCallum Illott
EngineFerrari
TiresPirelli