Schumacher backs his Ferrari team and FOTA

In a video interview appearing on the Ferrari website (and our Home Page), seven-time World Champion Michael Schumacher fully backed the manufacturer teams opposing FIA President Max Mosley's radical budget-capping regulations imposed for the 2010 season.

"It is not a very exciting situation that we are facing, especially (for) the sport that I have participated most of my life in and that I really love," Schumacher declared. "To see what is going on there, it is not very great."

The former Ferrari driver described the Italian manufacturer's presence as almost necessary to Formula One: "It is so big in this sport. It became big due to the sport but it actually grew the sport at the same time."

"You cannot see F1 without Ferrari or the other manufacturers who have participated for so long. I really believe that somehow they must find a solution, and the solution can only be that it suits those teams that have built up F1 to the state that it is now," Schumacher declared.

"You cannot expect drastic changes to be accepted by such important manufacturers," the famous German added.

"Yes, you have a target; yes, you want to reduce costs; but you have to do it step by step, you cannot turn the world around in one day. That is impossible," stated Schumacher.