🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Motor racing-Vettel says he came close to retirement before Aston deal

Published 2020-09-10, 12:21 p/m
RACE
-

By Alan Baldwin

Sept 10 (Reuters) - Sebastian Vettel said he had come close to retiring before Racing Point offered him a chance to continue in Formula One next season.

Asked on Thursday ahead of the Tuscan Grand Prix at Italy's Mugello circuit how close he was to walking away, the four-times world champion replied: "Close".

"Is there a measure of how close you can get? It was close in terms of having a lot of thoughts and deciding what's ultimately...I have to put myself first in that regard, what's best for me," Vettel told reporters in a video conference.

"What I've decided now I believe is the best for me, and I'm looking forward to proving that."

Vettel was told by Ferrari (NYSE:RACE) in May, after the COVID-19 pandemic had delayed the start of the season, that they would not be extending his contract beyond this year.

In July the 33-year-old German recognised he could leave Formula One for good. Point, to be renamed Aston Martin F1 next season, were his best option. They are currently fourth with a car based on last year's title-winning Mercedes, while Ferrari are sixth.

"The second key factor for me has been answering to myself the question of what I want to do and get out of myself in a potential future in Formula One," he said.

Vettel would not reveal details of his contract or the duration, although Racing Point have said it is for 2021 and beyond.

"I'm looking forward to the change because I believe we can do well," he said.

"I believe the team has huge potential. There's some really good, clever people on board and I'm looking forward to help and show those qualities are there and demonstrate that as well with results.

Vettel has struggled at Ferrari since young Monegasque Charles Leclerc arrived, making basic errors and looking uncomfortable in the car.

He said joining Racing Point/Aston Martin, where his team mate Lance Stroll is the son of billionaire Canadian owner Lawrence, just seemed the right thing to do.

"It feels good that the news is out...a lot of questions will probably stop now."

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.