Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Ferrari to play 'carrot and stick' with Raikkonen

Published 04/20/2015, 06:08 AM
Updated 04/20/2015, 06:12 AM
© Reuters. Ferrari Formula One Driver Kimi Raikkonen drives during Bahrain's F1 Grand Prix at Bahrain International Circuit

By Alan Baldwin

MANAMA (Reuters) - Ferrari are prepared to play a game of 'carrot and stick' with Kimi Raikkonen to keep Formula One's top Finn performing at his best.

The 2007 world champion, still Ferrari's most recent title winner, is out of contract at the end of the year although the Italian team have an option of keeping him alongside Sebastian Vettel.

Team principal Maurizio Arrivabene, who took on the job last November, told reporters at the Bahrain Grand Prix that the decision would depend on the 35-year-old's performance on the track.

Raikkonen responded immediately by finishing second on Sunday for his first podium finish since he was at Lotus in 2013 and first for Ferrari since 2009.

"Every driver here in the paddock wants to drive for Ferrari, this is normal. Even guys that were quite a lot of time world champion. I'm happy with the drivers that we have," commented Arrivabene afterwards.

"This does not mean that I am going to sign with Kimi tomorrow," he added with a smile, having announced that he felt the real Raikkonen was back, the one who seized his championship against the odds with a string of late wins rather than the one who sometimes looked a bit bored in 2009.

"We are very clear. I repeat again: I said to Kimi, 'look, It depends on your performance' and he has demonstrated that he's a great driver. So if you ask me now, does he deserve to renew the option, now today I am going to say yes.

"But if I am going to say yes, I don't want the driver to fall asleep. So I want to keep him up. Kimi is giving the best when he is a bit in trouble," said the Italian, making clear that the contract was the carrot being dangled.

"This is a psychological approach. So the paper at the moment is white. Sometimes I have to take the pen, then take it back. And Kimi is going to the podium."

Raikkonen, who returned to Ferrari last year, has said he is enjoying life at Ferrari more than ever.

© Reuters. Ferrari Formula One Driver Kimi Raikkonen drives during Bahrain's F1 Grand Prix at Bahrain International Circuit

"This year is the best that I have had in any team; how the team works together, how people work together, how the atmosphere is and how things are being run. That tells you a lot. I'm very happy," he said last week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.