Ferrari shareholders Piero Ferrari and John Elkann reportedly have an agreement to prevent investors from taking over the Italian sportscar maker.
Ferrari and its stakeholders and executives (past and present) seem hell-bent on gaining control of Formula One and all it's worth. First came the election of former Ferrari CEO Jean Todt to the head of the FIA, which governs Formula One. Then more recently came reports that Exor – the Agnelli family trust that effectively owns Ferrari – was part of the consortium led by News Corp looking to buy into the sport's commercial rights. Now further details have emerged adding the Mubadala
It may have seemed far-fetched when the news first broke, and Bernie Ecclestone may think it will never amount to anything, but the reports of a plan to buy-out Formula 1 have proven factual.