Binotto resigns as Ferrari F1 team principal

Following weeks of speculation about his future, Ferrari issued a statement on Tuesday confirming that it had accepted Binotto’s decision to leave.

The team said Binotto would stay on board until December 31, and it hoped to have a replacement for him finalised in the new year.

Binotto said that he regretted having to leave the team, but felt that it was the best thing for the Maranello outfit.

“With the regret that this entails, I have decided to conclude my…