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Jean Todt not worried by Ferrari Formula One quit threat

FIA president Jean Todt insists he is not worried by Ferrari's threat to quit Formula One.

Bernie Ecclestone, operating in his role as F1's chairman emeritus, claimed last month that Ferrari overlord Sergio Marchionne has already staged talks about forming a rebel championship.

Marchionne warned in December that Ferrari -- the only team to contest every F1 season and the most successful in its history -- will quit the sport unless American owner Liberty Media changes its plans for the future.

Ferrari are tied to F1 until the end of 2020, but are deeply disgruntled about Liberty's future vision on engines and distribution of prize money.