Does Ferrari Need Formula 1 More Than F1 Needs the Scuderia?

Formula One without Ferrari would be like Major League Baseball without the New York Yankees or the English Premier League without Manchester United. Ferrari is the sport's most prestigious team, having won the most races and championships, by far. Since 1950, the inaugural season of the F1 World Championship, Ferrari has used its privileged status to exact concessions from the sport's organisers. (And it really has happened since 1950—the Ferrari team did not show up for the first championship race in a dispute over the start money, according to James Allen.) Generally, the FIA (the sport's governing body) and F1 CEO Bernie Ecclestone have fallen over themselves to placate the Maranello-based team. But are those compro...

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