More Ferrari News

$3,000,000 Contract Refrains Mattia Binotto to Succeed Otmar Szafnauer at Alpine Despite Agreement With Renault

Mattia Binotto's 'gardening leave' with Ferrari prevents him from replacing Otmar Szafnauer at Alpine after the F1 summer break.
Mattia Binotto and Otmar Szafnauer – ex Alpine

2 Days After Fred Vasseur Offers Lewis Hamilton to Join Ferrari, Charles Leclerc Takes Final Call On Joining Mercedes

Charles Leclerc takes final call about his decision to join Mercedes just 2 days after Frederic Vasseur offered Lewis Hamilton a deal
Frederic Vasseur Charles Leclerc and Lewis Hamilton

Amid Rumors of $204,000,000 Ferrari Negotiations, Charles Leclerc Spotted Holidaying With GF Alexandra Saint Mleux

Charles Leclerc savors the F1 summer break with GF Alexandra Saint Mleux at the same time that his contract renewal with Ferrari gets leaked.
Charles Leclerc and Alexandra Saint Mleux

Unwilling to Lose $11,000,000, Lewis Hamilton Fires Fiery Warning at McLaren & Ferrari

Lewis Hamilton fires warning shots in Mclaren and Ferrari's direction as the Briton is unwilling to give up $11,000,000
Lewis Hamilton at Miami Grand Prix

$313,000,000,000 Worth Ferrari Gear to Lure Charles Leclerc With $204,000,000 Offer for Selfish Reasons

Ferrari ace Charles Leclerc becomes the "axis" for Frederic Vasseur and the company's strategies as contract discussions reach their climax.
RECORD DATE NOT STATED Formula 1 2023: British GP SILVERSTONE CIRCUIT, UNITED KINGDOM – JULY 08: Charles Leclerc, Scuder

Despite Faulty Management, Frederic Vasseur Hailed Chosen One “To Make Everything Work” for Charles Leclerc and Co.

Ferrari on track to script stupendous comeback as Team Principal Frederic Vasseur commands major change in team management.
Frederic Vasseur (L) and Charles Leclerc (R)

As Pressure Mounts to Sack Lance Stroll, Aston Martin Boss Brutally Assesses Struggling Star’s Performance

Amidst being under pressure to fire Lance Stroll, Lawrence Stroll harshly evaluates the performance of the underperforming star.
Belgian Grand Prix

From Ibiza to Sardinia, Max Verstappen, Daniel Ricciardo & Other F1 Stars Unwind to Enjoy Summer Break in Style

After a topsy-turvy 1st half of 2023, Max Verstappen and other drivers head to scenic destinations to unwind during the F1 summer break.
Max Verstappen & Kelly Piquet

“It’s a Shame”: Carlos Sainz’s Flagrant Antics Blamed as Oscar Piastri Suffers a Major Blow

Oscar Piastri shines in the eyes of us all after the Belgian GP despite early setbacks, exceeding expectations with impressive performances.
Carlos Sainz and Oscar Piastri

With $204,000,000 on the Table, Charles Leclerc Allowed to “Free Himself” From Ferrari Shackles if Loyalty Doesn’t Pay Off

Charles Leclerc provides himself the opportunity to free himself from Ferrari's shackles. However, $204 million is on the line.
Azerbaijan Grand Prix

Michael Schumacher’s Ruthless Boss’s Cult Appeal Compared to DTS Star’s Modern Era Popularity

Christian Horner hails Ferrari's TP as ruthless and inspiring. Red Bull's Formula 1 ascendancy shocks the competition.
Formula One Testing

“Remember Schumacher Years”: Max Verstappen’s Problematic Dominance Shielded Using Michael’s Glorious Legacy With a Caveat

Red Bull team boss Christian Horner uses Michael Schumacher's legacy to justify Max Verstappen's unmatched domination in Formula 1.
Michael Schumacher and Max Verstappen

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