Ferrari president Luca di Montezemolo says he is convinced that the famous Italian marque would be able to continue its enthusiasm and passion for racing outside Formula One if the team decision was taken to walk away from Formula One at the end of the year.

Ferrari has been one of four teams to publically reveal that it won't lodge an entry for the 2010 season unless changes are made to the proposed optional budget cap put forward by FIA president Max Mosley - which teams fear would lead to a two-tier system in the sport as competitors work to different technical regulations.

Following Ferrari's announcement earlier this week after a meeting of the board, di Montezemolo revealed that the Scuderia had received messages of support from fans all over the world, and said the decision to quit F1 would only be taken if the FIA decided to 'change the nature of its [Formula One's] sporting values.

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"I want to thank you personally for the numerous messages of support we received from all over the world over the last hours on our website and via e-mail," he said. "It is important to know that we can count on the support of our fans all over the world and that our fans completely share the motivations, which brought us to take such a decision. If we were forced to leave the Championship we were part of over the last 60 years of our history and where we set all the records in terms of victories, it is because they want to change the nature of its founding values.

"If it really was like that, then I have to say that our cars will race in other competitions, where - and I am absolutely convinced about that - they will find the enthusiasm and the passion of millions of fans, following us in every corner of the world.

"Racing is part of Ferrari's DNA and this is something that will never change."