Italian-American industrialist John Elkann, who in 2018 was appointed chairman of Ferrari after Sergio Marchionne left due to health issues, warned that sport organisers and regulators are only motivated by money and power when making decisions that impact the future of sports, including Formula 1.
Prior to the 2022 Formula 1 Italian Grand Prix weekend at the Monza circuit, Chief Executive Officer of EXOR John Elkann was interviewed by the Italian daily newspaper Gazzetta dello Sport, which has become a habit in recent years ahead of the Italian Grand Prix.
The Ferrari chairman talked about his hopes for Scuderia Ferrari and the prospects the Maranello team has for the next years, as John Elkann has set the target for Ferrari to win at least one Formula 1 world championship by the 2026 season. At the same time, he confirmed his faith in team principal Mattia Binotto, while admitting that the F1 team has made too many errors this season, which has been the decisive factor in not being able to challenge Red Bull for the 2022 titles.
John Elkann then shared his thoughts on other matters, such as Juventus Football Club, Ferrari’s entry in Hypercars, the first electric Ferrari and Italian sport in general, pointing out what major issue many sports are facing:
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“I’m worried about what’s going on around football and professional sports in general. At the heart of the system should be the fans, the athletes and the teams. But there is a dangerous drift which works in favour of the middlemen, the organisers and regulators who are putting the world of sport in a difficult position because the only thing that motivates them is money and power.” – Ferrari chairman John Elkann concluded.
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