More Ferrari News

Frederic Vasseur Adopts Red Bull Strategy as Bold Change for Lewis Hamilton Stays on the Horizon for Ferrari Future

As Lewis Hamilton will step into Ferrari in 2025, Fred Vasseur has claimed he will take on a new strategy to aid the 7-time World Champion.
Lewis Hamilton (L) and Frederic Vasseur (R)

Sebastian Vettel Becomes Viable Audi Choice Following Jonathan Wheatley’s Arrival Weeks After Helmut Marko Reveals Shock Red Bull Decision

Sebastian Vettel might soon enter Audi as his longtime associates Mattia Binotto and Jonathan Wheatley are heading the German team now.
Formula 1 2023: Japanese GP SUZUKA, JAPAN – SEPTEMBER 23: Four times world champion Sebastian Vettel during the Japanese

Oliver Bearman Reveals Text Messages From Carlos Sainz That Changed the Course of His Ferrari Debut

Ferrari junior Oliver Bearman has recounted how Carlos Sainz came to his aid before the tough Jeddah GP challenge.

Charles Leclerc & His Coach Became Oliver Bearman’s Last-Minute Saviors Before Tense Saudi Arabian GP Debut

Oliver Bearman specially thanks Charles Leclerc and Ferrari's unsung heroes for their crucial help before his F1 debut in Jeddah.
Saudi Arabian Grand Prix

Lewis Hamilton Spotted Oliver Bearman 8 Years Before Sharing “Special Moment” on His Sensational Ferrari Debut

Oliver Bearman has talked about Lewis Hamilton showering praise on him early on in his career 8 years before his F1 debut.
Saudi Arabian Grand Prix

Lewis Hamilton’s Former McLaren Teammate Not on Ferrari Radar as Fred Vasseur & Co. Undergo Massive Technical Restructuring

Mike Elliott's failure with Mercedes' W13 costs him a Ferrari spot despite his long tenure with Lewis Hamilton. Can he ever return to F1?
(L-R) Mike Elliott, Lewis Hamilton

Belgian GP Unveils Hint of Massive Carlos Sainz Threat to Ferrari After Williams Move

Carlos Sainz’s move to Williams could impact Ferrari's 2024 season. Is his shift a setback or a strategic gamble?
Belgian Grand Prix

F1 Rumor: Mattia Binotto Willing to Let $32.7 Million Boost Slide in Favor of Adidas Rival

Mattia Binotto ignites a sponsor war at Audi by pitting Ferrari's ally, Puma, against Adidas, which had nearly sealed the deal.
Formel1 Grosser Preis von Belgien 2022 Mattia Binotto; Ferrari Motorsportchef; Formel1; Formel1 Weltmeisterschaft 2022;

4 Years After Launch of Extreme E Competition, Lewis Hamilton Marks Discrete Return to Senegal to Satisfy Travel Bug

Lewis Hamilton reignites his love affair with Senegal four years after launching his now-retired Extreme E team, X44.
Australian Grand Prix

Amidst Engagement Drama With Alexandra Saint Mleux, Charles Leclerc Confronts Reality of Managing Private Life

Charles Leclerc, Ferrari's star, battles fame's pressures and fans' invasions, seeking privacy amidst constant attention.
Charles Leclerc (via X)

Will Buxton Unveils Lewis Hamilton Blessing for Charles Leclerc That Will Be Key in Future Championship Fight

Charles Leclerc's performance woes, Hamilton's impact at Ferrari, and the future of the Maranello team””will they find success?
Bahrain Grand Prix

Despite Charles Leclerc’s Expectation of Lewis Hamilton Factor, Ferrari Stranded in Deep Trouble After Enrico Cardile Exit

Charles Leclerc weighs in on the Lewis Hamilton factor that's exciting Ferrari, amidst their trouble with Enrico Cardille's premature exit.
Bahrain Grand Prix

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