Ferrari hits back at speculation over Binotto

Ferrari has hit back over speculation regarding Team Principal's Mattia Binotto's position at the team.

In a statement posted to social media the team states that the rumours are "totally without foundation" circulating Italian media this week.

Despite showing a promising start, it has turned out to be a turbulent season for the Scuderia plagued by poor car reliability and strategic decisions.

One of Italy's biggest media outlets, Gazzetta dello Sport, reported that Ferrari is looking for a replacement to be installed by 1st January 2023, ahead of the new season.

The team's statement can be read below.