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Vasseur Declares Ferrari’s Future Bright After Signing Contract Extension Amid Rumors of Exit

Harry Stone by Harry Stone
August 10, 2025
in Motorsports
Reading Time: 2 mins read
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Vasseur Declares Ferrari’s Future Bright After Signing Contract Extension Amid Rumors of Exit

FILE PHOTO: Formula One F1 - Azerbaijan Grand Prix - Baku City Circuit, Baku, Azerbaijan - April 28, 2023 Ferrari team principal Fred Vasseur arrives ahead of practice REUTERS/Maxim Shemetov/File Photo

Fred Vasseur, the newly confirmed team principal of Ferrari, is putting an end to swirling rumors about his future and emphasizing the critical need for stability within the iconic team. As the dust settles on speculation that suggested he might be leaving the Maranello-based squad, Vasseur is keen to focus on steering Ferrari towards a prosperous future.

The whispers began to echo just before the highly-anticipated Formula 1 Canadian Grand Prix, with Italian media outlets suggesting that Vasseur’s departure was imminent. However, both he and key drivers, including the legendary Lewis Hamilton and Ferrari’s own Charles Leclerc, vehemently dismissed these claims at the time, asserting their commitment to the team.

On July 31, the speculation was extinguished when Ferrari boldly announced a multi-year contract extension for Vasseur, solidifying his role at the helm. “My job is probably the most exciting position in the paddock. If you’re able to win in F1, it is mega, but to win with Ferrari is something very exciting,” Vasseur said, reflecting on the thrill of leading one of the most storied teams in motorsport.

Vasseur recognizes that maintaining morale and team spirit is paramount, especially after the recent upheaval. “It’s a good step into the process. We had a couple of discussions and there were some rumors in the press the last couple of weeks. It’s not easy for the stability of the team and for the mood of the team but now this is behind us. It’s important. It’s a good step,” he stated.

With the season entering its final stretch, Vasseur is determined to position Ferrari as a formidable contender against giants like Mercedes and Red Bull. “We are fighting with Mercedes and Red Bull for P2 and we want to win some races until the end. The 2026 project is a huge challenge that we have to be all fully aligned and all together to manage it,” he expressed, underlining the ambitious goals that lie ahead.

Having taken the reins at Ferrari in early 2023, Vasseur is acutely aware that restoring the team to its championship-winning glory is no overnight task. “I’m really convinced that it’s taking time,” he said, drawing parallels to other successful teams in Formula 1 history. “When Christian [Horner] joined Red Bull or when Jean [Todt] joined Ferrari, it took time before the first win.”

He emphasized the necessity of patience and strategic planning, stating, “You need a couple of years to build up a team, to recruit people that you want to have with you, and then it takes also time to work together. We want to be very agile in F1, but the reality is that we have a lot of inertia.”

As Vasseur embarks on this critical journey with Ferrari, fans and followers of Formula 1 alike are left on the edge of their seats, eagerly anticipating how this new chapter will unfold for the Prancing Horse. Will Vasseur’s vision and leadership be enough to reignite the spark of success for Ferrari? Only time will tell, but one thing’s for sure: the stakes couldn’t be higher.

Tags: 2025-formula-1-hungarian-grand-prixamato-ferrariCharles Leclercfred-vasseurjamarr-chases-mercedes-maybachLewis Hamiltonnew-york-red-bulls
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