Ferrari Threats Withdraw from F1 | Sport Betting | Online Sport Betting

TA888 - Ferrari threatens to withdraw from Formula 1 if it can not be an attractive offer from the new commercial rights owner of the sport betting event, Liberty Media. This threat is in doubt. The arrival of Liberty Media as the owner of the new sport betting commercial rights of F1, makes Ferrari still thinking to renew the contract that will run out 2020. The reason Liberty Media is determined to cut sport betting prize money in F1. Ferrari itself is the team with the most income from F1 compared to other teams, due to a bonus to their commitment in the sport.

The team of the Prancing Horse is the only team to participate in every race season since 1950 and is the best known brand in this event. Ferrari Chairman Sergio Marchionne insists Ferrari's retirement threat is not a figment. The arrival of Alfa Romeo, a brother of Ferrari management, said he would not influence the idea. But Red Bull team leader Christian Horner doubts Ferrari's threat. He considered that Ferrari's parent company's decision to return Alfa Romeo to F1 after 32 years means they see the championship working well in business.

"Alfa Romeo came under the same online sport betting management as Sergio (Machionne), so I can not believe he brought in Alfa Romeo, for Ferrari to go in the next few seasons," Crash said. "I think this indicates that Formula 1 is clearly working and creating an introduction, otherwise the online sport betting group will not bring the image of Alfa into Formula 1. Formula 1 needs Ferrari and Ferrari need Formula 1. This is a marriage of comfort in many ways, but both parties in the end it takes each other and we definitely want Ferrari in Formula 1. It is one of the biggest online sport betting brands in the world and they are a great team to race," he added.