June 17, 2024

Ferrari confirm Mattia Binotto has resigned as Team Principal | Formula 1®

Ferrari questioned Adrian Newey’s involvement despite reports of a massive contract being agreed.

Red Bull announced earlier this month that Newey will leave the team in early F1 2025 after a hugely successful 19-year spell in which the 65-year-old has designed title-winning cars for both Sebastian Vettel and Max Verstappen.

The terms of his exit, negotiated by his manager Eddie Jordan, will allow Newey – the most decorated individual in F1 history with more than 200 race wins, 13 Drivers’ and 12 Constructors’ Championships to his name – to start work with another team in the lead up to the huge F1 2026 regulation changes.

The news of Newey’s exit came amid speculation that he had received contract offers from Aston Martin and Ferrari over recent months.

And after Newey teased that he is likely to seek a fresh start with another team, a report by the Mail earlier this week claimed that Italian sources have indicated that he has already signed a deal to join Ferrari – potentially worth significantly more than the estimated £15million per year he currently earns at Red Bull.

Reports in the days after Newey’s Red Bull departure had claimed he had met Vasseur in London before flying out to the Miami Grand Prix in an attempt by the Ferrari boss to seal the deal.

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Speaking to reporters at Imola ahead of this weekend’s Emilia Romagna Grand Prix, however, Vasseur refused to offer an update on Ferrari’s reported attempts to sign Newey.

He said: “Adrian has a mega record. He’s the most successful engineer in the paddock. I don’t know about statistics, but I would say that it’s like this probably.

“But I have no comment to make on this.”

Vasseur has overseen a huge transformation at Ferrari since being appointed team principal in late 2022, guiding the team to two victories – at Singapore 2023 and Australia 2024 – since taking charge.

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