10:32 – Ferrari Chairman Sergio Marchionne believes Liberty Media needs to find a “halfway house” for Formula 1 in order to suit different markets in Europe and America.

Liberty fully acquired Formula 1 in January and has undertaken experiments this season, with the desire to expand in the United States regarded as a key ambition.

Marchionne, though, has warned Liberty against “sapping away the DNA” of Formula 1, and reckons the sport needs to find a balance between the respective markets.

“There is an opportunity here if we do the things right to make this a relevant sport in the US,” Marchionne said at the launch of Alfa Romeo’s Formula 1 comeback.

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