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Sports

Ferrari president Luca di Montezemolo dismisses speculation he is set to leave the team

Associated Press
Published | Updated
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    Luca Cordero di Montezemolo with Spain's Fernando Alonso at the Ferrari's pit during the third free practice at the Monza racetrack, in Monza, Italy , Saturday, Sept. 6 , 2014. The Formula one race will be held on Sunday. (AP Photo/Alessandro Trovati) (The Associated Press)

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    Luca Cordero di Montezemolo wawes to supporters at the pit lane during the third free practice at the Monza racetrack, in Monza, Italy , Saturday, Sept. 6 , 2014. The Formula one race will be held on Sunday. (AP Photo/Alessandro Trovati) (The Associated Press)

MONZA, Italy – Ferrari president Luca di Montezemolo has dismissed reports he is set to leave the Italian team.

Talk of Montezemolo's possible departure has dominated the paddock at Monza ahead of Sunday's Italian Grand Prix.

Speaking ahead of Saturday's qualifying session, Montezemolo says "in March I told Ferrari I would be available for another three years."

Speculation is rife that Montezemolo is set to quit Ferrari to become chief executive of Italy's national airline Alitalia.

The 67-year-old says if there was any news "I myself would be the first to say so."

Montezemolo first joined the Italian team in 1973 as Enzo Ferrari's assistant and has been president for nearly 23 years.

Ferrari has seen a slump in results in recent years and last won the constructors title in 2008.