The F1 team has been in talks with the four time F1 world champion over extending his stay with Scuderia Ferrari in the past months and the driver suggested that money will not be a key factor in his decision to renew or not to renew.
Since the arrival of Charles Leclerc, Vettel’s place and happiness in the team have come under question but the Ferrari team principal, Mattia Binotto says he still prefer the pair to continue racing for the team.
The talks between the driver and the team broke down as they could not strike a deal to extend his stay with Scuderia Ferrari, hence, Vettel’s statement;
“My relationship with Scuderia Ferrari will finish at the end of 2020. In order to get the best possible result in this sport, it’s vital for all parties to work in perfect harmony.
“The team and I have realised that there is no longer a common desire to stay together beyond the end of this season. Financial matters have played no part in this joint decision. That’s not the way I think when it comes to making certain choices and it never will be.
“My immediate goal is to finish my long stint with Ferrari, in the hope of sharing some more beautiful moments together, to add to all those we have enjoyed so far.”
Vettel joined Scuderia Ferrari F1 team in 2015 after enjoying a very successful stint with Red Bull F1 team. He went on to win 14 Grand Prix for Ferrari and the team principal, Mattia Binotto has paid tribute to him and had this to say about his coming exit;
“This is a decision taken jointly by ourselves and Sebastian, one which both parties feel is for the best. It was not an easy decision to reach, given Sebastian’s worth as a driver and as a person. There was no specific reason that led to this decision, apart from the common and amicable belief that the time had come to go our separate ways in order to reach our respective objectives.
“Sebastian is already part of the Scuderia’s history, with his 14 Grand Prix wins making him the third most successful driver for the team, while he is also one who has scored the most points with us. In our five years together, he has finished in the top three of the Driver’s Championship three times, making a significant contribution to the team’s constant presence in the top three of the Constructors’ classification.
“On behalf of everyone at Ferrari, I want to thank Sebastian for his his great professionalism and the human qualities he has displayed over these five years, during which we shared so many great moments. We have not managed to win a world title together, which will be a fifth for him, but we believe that we can still get a lot out of this unusual 2020 season.”
Sebastian Vettel replaced Fernando Alonso at Monza in 2015 but was unable to add to his world championship title. Ferrari’s car was not just able to compete with the one of the Mercedes AMG Petronas Formula one team.
With the arrival of Charles Leclerc as his teammate, the pressure began to mouth on the four time F1 world champion. The young driver finished ahead of the veteran driver in the Driver’s Championship in the 2019 season. That has prompted the decision to let go of Vettel as Leclerc is seen as the future of the Scuderia Ferrari F1 team.