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Ferrari replaces F1 boss with Marlboro exec

Ferrari just finished its worst Formula One season in decades, and if you're thinking heads are going to roll, you're right. In fact they already have, as team principal Stefano Domenicali was dismissed earlier this year and longtime chairman Luca di Montezemolo was axed just two months ago. Now Maranello has announced a new team principal, yet again. Instead of promoting from within, however, this time Ferrari has called in an outside executive – albeit one with whom it is intimately familiar. His name is Maurizio Arrivabene, and he's served as a senior executive at tobacco giant Philip Morris International, managing (among other areas) the Marlboro brand's sponsorship of the Scuderia. In that capacity he's been sitting on the FIA's Formula One Commission as the sponsors' representative since 2010, giving him a familiarity with how the series is run. In his new capacity as Managing Director of the Gestione Sportiva and Team Principal of Scuderia Ferrari, Arrivabene replaces Marco Mattiacci, who was called up to the post from his previous position as head of the North American office just eight months ago. Back then Mattiacci replaced a similarly under-performing Domenicali. The change may very well have come at the behest (if not insistence) of Philip Morris, which remains the team's main sponsor and is undoubtedly displeased with Ferrari's performance lately. It wouldn't be the first time. After all, Marlboro similarly brokered the deal that put Ron Dennis in charge of McLaren in the early 1980s. Mattiacci's swift replacement comes at the end of a disastrous season for the Scuderia. Following yesterday's season finale in Abu Dhabi, Ferrari finished fourth in the constructors' standings behind Mercedes, Red Bull and Williams. The last time it finished the championship in such poor shape was in 2010 when Felipe Massa was injured and the team scrambled to find a replacement. But even then it managed to win at least one race and land on the podium another five times. Fernando Alonso finished on the podium only twice this season while Kimi Raikkonen struggled further back. This year marked the first time Ferrari failed to win a grand prix since 1993, and even then Jean Alesi and Gerhard Berger managed more podiums than the team scored this season.

$80M Ferrari deal would make Vettel world's highest-paid sportsman

Formula One is in for a big shakeup next season, as the only two multiple World Champions on the grid are kicking off a game of musical chairs. Just who will end up where has yet to be figured out, but the overwhelmingly prevailing wisdom has Sebastian Vettel, who has already announced his departure from Red Bull, inking a contract with Ferrari worth 150 million pounds sterling for three years - that works out to over $80 million per year.
If the reports are true, that would make Vettel (pictured above with his assumed new teammate Kimi Raikkonen) the highest-salaried sportsman in the world. Compared to Vettel's rumored $80 million/year, soccer player Cristiano Ronaldo was paid $52 million last year and NFL quarterback Matt Ryan got $42 million, just ahead of soccer player Lionel Messi at $41.7 million. Boxer Floyd Mayweather was reportedly paid a whopping $100 million last year, but that's based on how many fights he fights and wins, putting him on a different earnings spectrum.
Those figures are also just for salaries, and do not include sponsorship and endorsement deals - and therein may lie part of the reason for Vettel's reportedly stratospheric salary. In addition to his salary from the Red Bull team with which he's won four World Championships, Vettel also pulls in a large retainer from Infiniti, which sponsors both the team and himself personally. In departing Red Bull, he'd undoubtedly have to sever the tie with Infiniti as well.

Ferrari Modulo catches fire driving through Monaco

Accidents happen when you drive a car. The one-off Ferrari Modulo concept is not immune to such a fate, as the spaceship of a car recently caught on fire while out driving. In fact, it's certainly far more likely for an untested concept car to experience more issues than any kind of a production car that's gone through years of testing and development. This particular incident was documented on Twitter by Scuderia Cameron Glickenhaus. Jim Glickenhaus and his team recently bought the Modulo concept with the intention of making it road-worthy. The car was originally shown at the 1970 Turin Motor Show. We've since seen videos of it driving around, but this last drive went all sorts of wrong. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As Glickenhaus details in his tweets, the muffler was responsible for the blaze that damaged the rear of the vehicle. He says that an unnamed firm they're no longer involved with designed the muffler that caught fire. Glickenhaus was prepared for such an occurrence (it does have a Ferrari engine in there after all). Jokes aside, the onboard fire suppression system did its job and extinguished the fire shortly after it began, saving the rest of the car. Unfortunately, it didn't act fast enough to save it from some pretty nasty damage to the rear of the body. Glickenhaus was driving the car through downtown Monaco when the fire began, so we can assume there was an excessive amount of heat building up in there. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Surprisingly, Glickenhaus is continuing to drive about even after the fire. He tweeted a photo just an hour after the blaze showing the scarred Modulo charging up the mountains around Monaco. It's tough to trust a car right after a faulty design just caused it to catch fire, but who are we to doubt Glickenhaus? No plans for restoration were detailed yet, but we imagine the Glickenhaus team will have it looking like new as soon as it can. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. View 19 Photos