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How New York Stock Exchange made Fernando Alonso’s tantrums unbearable for Ferrari

Somin Bhattacharjee
Published

How New York Stock Exchange made Fernando Alonso's tantrums unbearable for Ferrari

Ferrari could not deal with Fernando Alonso’s complaints regarding performance in 2014 due to the New York Stock Exchange. 

Ferrari is owned by the Fiat-Chrysler group. Back in 2014, their parent company could not afford to deal with the team’s poor performance. In the years leading up to the season, their performances kept deteriorating.

After being able to fight for race wins and Titles, their car performance took a massive dip in 2014. They had former World Champions Kimi Raikkonen and Fernando Alonso at the helm at the time. The former was getting increasingly frustrated because he felt he was wasting his prime years with a team that couldn’t fight for glory.

This was an incident that was similar to that of four-time Champion Alain Prost. The French driver joined Ferrari at a time when they were lacking pace. As a result, he was frustrated and wanted more say in the team. This was something the management would not allow.

Also read: How Lewis Hamilton and Fernando Alonso swap for Ferrari and Mercedes was on the cards

How did the New York Stock exchange lead to Fernando Alonso’s Ferrari exit?

Back in 2014, there was the pressure of the floatation of the Fiat-Chrysler group on New York’s stock exchange. Ferrari was their Halo brand and F1 was the main market for them. As a result, they could afford to have a car that was underperforming as consistently as the F14T was.

Alonso wanted more control within Ferrari because he felt that the team could do better if they listened to him. This was something Ferrari was not going to allow and the pressure grew on them. Alonso is a two-time World Champion and his status as of the all-time greats was doing more bad than good. People in general started to feel that Alonso’s years were actually being wasted.

On top of that, Alonso was openly critical of the Ferrari’s management and development. The Maranello-based outfit decided that it was time for them to let go of Alonso, since they could not deal with the tantrums. Their parent company’s (Fiat-Chrysler) problems in the NYSE added to the problems, and they could not deal with the controversy.

Also read: When former NBA player Andrei Kirilenko sold Michael Schumacher’s 1995 helmet

About the author

Somin Bhattacharjee

Somin Bhattacharjee

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Basketball Editor Somin Bhattacharjee first discovered the game during the 2014 FIBA World Cup. Not long after, he turned to the NBA and found himself drawn to the Golden State Warriors — right at the start of Stephen Curry’s rise. Over time, the admiration turned into full-blown support for the team, one that continues even as the Curry era approaches its twilight. A true hoophead, Somin also follows EuroLeague basketball closely and enjoys exploring the game beyond the NBA. Though holding a bachelor's degree in marketing, Somin discovered his true calling in writing. Since 2021, he has penned over 3,000 articles for TheSportsRush, covering everything from breaking news to sharp opinion pieces and detailed exclusives. He thrives on writing about in-game moments and the reactions that make basketball a uniquely emotional sport. Beyond basketball, Somin plays different sports including soccer and remains a passionate fan of Spanish football giants Real Madrid

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