F1 bombshell days before new season: Could Formula One be coming to an END?

is about to enter its second season under new ownership after Liberty Media completed a takeover of the sport last year, ousting long-term supremo Bernie Ecclestone.

The American company have opened up the sport on social media and relaxed many of the rules surrounding teams publishing their own videos and images.

And there are plans to shake things up more seriously by changing the prize money distribution to make it fairer to smaller teams, something .

“The perspective of doing something else is a realistic one, and it could happen if we don’t achieve to align our vision,” Wolff said.

“Marchionne has a clear vision of what should represent for Ferrari, which is a purist sport that isn’t a shopping channel.

“I would strongly encourage all of the sport’s stakeholders not to try and provoke him.

“I agree with most of the things Sergio says because Formula One has a certain DNA and it is a sport that needs to stick to its roots.

“So, don’t mess with Sergio Marchionne. Formula One needs Ferrari much more than Ferrari needs Formula One.

“I will give it everything to align the vision among us by seeking consensus and accepting compromise.”

FIA president Jean Todt has also talked about removing Ferrari’s veto over rule changes, another factor that could cause the team to withdraw its support for the series.

“The veto was at the time of Enzo Ferrari, and he was isolated in Maranello,” said Todt.

“That was the only team supplying engine and chassis against some other teams that were all powered by Ford.

“So at this time, it was decided that being away from what is called the silicon valley of motorsport, they needed to have a protection.

“That is the story about the veto.

“But personally, I feel now I am not in favour of that. Times have changed.”