Ferrari

Ferrari: Latest News, Results, Drivers and Car Updates

Scuderia Ferrari is one of the oldest teams in Formula 1. The team has been in Formula 1 since the latter’s 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 2020 season consists of Sebastian Vettel and Charles Leclerc. Vettel is a 4-time World Champion, though he has not won any of them for the iconic crimson team. Leclerc is a graduate from the Ferrari Driver’s Academy and made his Ferrari debut in 2019.

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 996 GPs, winning 237 and scoring 767 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 Stallion 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.

Foundations and Charity

Being one of the oldest F1 teams, they have been involved in charities. 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 related to rare genetic diseases since 1990.

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

Founded 1929
Founder Enzo Ferrari
Number of Titles 16
Prize Money Won $205 Million (2019)
Base Maranello
Official Website https://www.ferrari.com/en-EN/formula1
Drivers Sebastian Vettel, Charles Leclerc
Test Drivers Antonio Giovinazzi, Pascal Wehrlein
Engine Ferrari
Tires Pirelli