How Much Would F1 Miss Ferrari?

Well, it seems that the Ferrari President has made another one of his occasional pronouncements on the direction of the sport, with many interpreting his words as a threat to withdraw should changes not be made to the regulations.

Ferrari have hastily downplayed some of his remarks, but it seems sensible to assume that Luca di Montezemolo's words are another shot across the bows of the rule-makers and other stakeholders in Formula 1, seeking to nudge them further. in the direction of change.

Even if this is, as seems likely, just another bout of sabre-rattling, what would the repercussions be if Ferrari were indeed to drop out of F1 competition? 

My intial interest in racing was sparked by the exploits of Gilles Villeneuve in the early 1980s, and back then Ferrari were definitely special. The history, the absence of overt sponsorship on the cars and the scarlet colour scheme all contributed to this. However, there was also a sense that they were fallible, and human, and that the team was run at least partly on emotion. This all set them apart from the very businesslike and entrepreneurial British outfits.

At some point in the 1990s, Ferrari realised that they would have to change in order to remain competitive. It was at this point that much of the mystique began to fade, ironically as they entered probably the most successful phase in their history.  Many were also alienated by efforts to play on the team's importance and heritage in order to influence some events.

It would be foolish to deny that losing Ferrari would be a severe setback, but I would see such an event in somewhat different terms than if it had occurred in, say, the early 1990s.  Nowadays, I would regard it as the loss of a competitive, well-funded team, albeit one with a proud tradition. The balance has shifted in the ensuing two decades.

The attitude of younger F1 enthusiasts would also be interesting to gauge. Growing up with the Schumacher era at Maranello, do they see Ferrari as quite so indispensable, in sentimental, and even, commercial, terms?  Perhaps the Italian-based team mildly over-estimates its modern-day importance? The world has changed, and Ferrari with it....