Though Ferrari has yet to officially react to FOM's proposals for the future of F1, company president Sergio Marchionne has reiterated his unease with the engine rules.

Speaking at the official press conference in China, when asked his team's reaction to the proposals outlined in Bahrain, which include a $150m budget cap, a reduced historic bonus, the loss of its rules veto and new engine rules which will see them simplified, cheaper and featuring more common parts, team boss Maurizio Arrivabene insisted it was not his job to comment, saying that it was company president Sergio Marchionne who would react.

Speaking at a shareholders meeting Amsterdam, Marchionne did just that.

"If F1 becomes more of a spectacle than a sport, if we go in the direction of NASCAR races, then Ferrari will leave," he warned.

"If there are any proposals that distort F1, I think Ferrari will pull out," he added, "though we are working with Liberty Media to find acceptable solutions.

"We had a proposal from Liberty ten days ago, we expect to know the details and then we will make choices in the interest of Ferrari," he continued "We could look for alternative solutions, it's not a threat, but it does not mean we stop shopping.

"Some people want a less technological approach, but we and Mercedes have the will to maintain a high standard."

While most of the smaller teams have warmed to the proposals, Claire Williams tempted to "crack open the Champagne", Mercedes Toto Wolff has warned that the £150m budget cap is impractical, while at Red Bull Christian Horner wants to see how FOM will implement it proposals.

While the proposals have yet to be finalised, it is claimed that FOM is not looking to negotiate them but is instead taking a 'take it or leave (it)' approach.

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READERS COMMENTS

1. Posted by Uffen, 14/04/2018 22:26

"Insane Reindeer, the idea is that will a low budget cap and the availability of independent engines, the "weak" teams will indeed be able to survive sans Ferrari.
Sure, some teams may not survive, but look at all the teams that have failed under the current system."

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2. Posted by klmn, 14/04/2018 19:23

"Coward just afraid to compete with equal resources."

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3. Posted by Insane Reindeer, 14/04/2018 17:22

"This is where Liberty need to stand up. If they do, and get everyone else but Ferrari to go their way then, well they will have made their bed and they will have to sleep in it. I do not think that Ferrari would immediately move to set a rival series. I could well see them elevate their GTE-Pro team to the place held by the F1 team, but then there may be plenty of other teams/companies (except Porsche) who wouldn't like to see that happen. Of course if Ferrari did leave what would become of Sauber/Alfa? I assume that the Alfa part would leave as well. And Haas? Who would they team up with? Would Liberty be able to force Ferrari to keep supporting Haas and/or Sauber after they left. As it stands if Liberty did move in such a way as to push Ferrari out I think they would have to have at least a new engine supplier to come in to support Haas and Sauber and better would be a full works team (Toyota? Ford? VW?) to run their own team, replace Ferrari in the Haas deal and run Sauber as a satellite team. If Liberty can do all that, then F1 could be in a very very good place. If they can't, well, within five seasons of Ferrari leaving I think the sport would collapse. "

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4. Posted by Uffen, 14/04/2018 15:56

"What new organisation, George? Do fans love Ferrari because Ferrari is in F1, or do fans love F1 because Ferrari participates? Good questions. A bit of both, I suspect. Personally I loved F1 regardless of the individual teams participating. Many believe that F1 is slowly disappearing up its own backside anyway, so Ferrari tantrums and threats are seen as merely part of the "circus."
I agree with many of your other points, though. "

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5. Posted by george, 14/04/2018 13:36

"great, it's the only way to save F1.
a new series, less electronics, more racing, back to v12's and 3 cars per team. An extra car is relatively more expensive but a lot of money can be saved on getting rid off big part of aerodynamics, electronic rubbish.
With 3 Ferrari's, 3 Mercedes' and 3 Red Bulls, we will have some serious racing and overtaking. There is no F1 without Ferrari anyway. Liberty Media talks tuff but loosing Ferrari leaves them an empty box. All major circuits will follow the new organisation. 16 to 18 Races is enough. Real ones. "

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6. Posted by Jezzer, 14/04/2018 13:33

"Please just go, stop cring about it and go
"

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Marchionne reiterates Ferrari quit threat

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