Ferrari boss Camilleri ready to 'contribute' to talks with Liberty

Louis Camilleri, the man who has succeeded the late Sergio Marchionne at the helm of Ferrari, says talks with Liberty Media are progressing.

The 63-year-old former chairman Philip Morris is picking up where Marchionne left off with regard to the Scuderia's negotiations with Formula 1's commercial rights holder, but has yet to reveal his own ideas about the sport's future regulations.

"There are ongoing talks with Liberty Media," Camilleri is quoted by La Gazzetta dello Sport.

"I think there has been progress on the technical side, but less on the budget cap and governance.

"I'm not sure about new ideas, the goal is to divide the cake as it is. We do not talk about how to increase it. I am sure I can bring my contribution," said Camilleri.

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Ferrari's executive undoubtedly has big shoes to fill, and his tenure at the head of the legendary car maker got off to a rocky start.

On Wednesday, Ferrari's stock dropped 10% after the new CEO called Marchionne's financial targets for 2022 "aspirational" on a conference call with Wall Street analysts.

With regard to F1, Camilleri's stance - whether it follows his predecessor's rigid position on the future or reflects a different approach - is impatiently awaited.

A man close to Scuderia boss Maurizio Arrivabene since their days of working together at Philip Morris, Camilleri will likely keep the Italian at the helm, while it was previously rumored that Marchionne was in favour of putting current technical director Mattia Binotto in charge.

A status quo for Arrivabene could in turn mean one more year of racing for Kimi Raikkonen, with Ferrari junior Charles Leclerc heading over to Haas for 2019 where he will await his call from Maranello.

F1 has yet to get acquainted with Louis Camilleri's views and style, and that should happen in the coming weeks.

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