P1racenews AI automatic summary:
Ferrari chairman rejects €1.1bn offer
Ferrari F1 chairman John Elkann rejected a reported €1.1billion offer for a brand owned by the famous Agnelli family. Elkann, grandson of Fiat tycoon Giovanni Agnelli, oversees the Ferrari brand and has influence over the F1 team. In a difficult 2025 season, Elkann drew criticism for advising Ferrari drivers Hamilton and Leclerc to focus on driving. Elkann’s company Exor, managing Agnelli family holdings, also rejected a €1.1billion offer from cryptocurrency firm Tether for Juventus. Despite offers, Elkann affirmed Juventus’ history and values, stating “Juve has been part of my family for 102 years.” Regarding Ferrari’s performance, Elkann stressed unity and the importance for drivers to focus on racing rather than talking.
