Vettel announces about his plans in a online interview (Photo: Twitter @F1)

Privatization and corporatization of sports have had huge implications on how the game takes place in today’s era. Players now come under contracts and have to abide by various terms and conditions set by the company/organization hiring them. 

This leads to competitiveness in this aspect of the game as well. Many corporations and brands are in the rat race to hire players under advertising, promotion, or management roles. Players get hefty prices for such deals, only if they follow the rules and regulations. 

This also gives players the incentive to choose from the best option available. Sometimes, a player can create pressure on a particular organization by making himself/herself open to other deals, resulting in the corporation losing a “client”.

Ferrari may lose Vettel if they don’t present a convincing offer

As per sources, Sebastian Vettel is prepared to walk away from Formula One for good if he doesn’t get a convincing offer for next season.

The four-time F1 champion will leave Ferrari at the end of the year after failing to get a new contract. He faces an uncertain future with only limited options available for 2021 and has not started discussions with other teams. The truncated season starts Sunday at the Austrian Grand Prix.

“I want to make sure I make the right decision for myself and my future. I have a very competitive nature; I’ve achieved a lot in the sport and I’m motivated and willing to achieve more,” Vettel states.

“To do so I need the right package and the right people around me, so that’s what I’m looking out for at the moment. If the right opportunity should arise then I think it’s quite clear. If that’s not the case I probably have to look out for something else.”

This indicates a huge problem for Ferrari, as now they have to make a good offer in order for Vettel to stay. Only time will tell how things will pan out from here on.