Ferrari president Luca di Montezemolo has said that a breakaway championship could still happen after 2012.

His comments were made yesterday in his pre-Christmas media lunch and come as teams are in talks with F1 boss Bernie Ecclestone over the terms of the new Concorde Agreement, the blueprint that governs how the sport is run. The current one is due to expire in two years time.

As is the case when it has to be renewed, the Scuderia and all the other outfits are again pushing for a bigger slice of the commercial profits as well as more say in how the championship is run.

"We are at a crossroads," Montezemolo told British newspaper, The Daily Telegraph. "We have F1 in our hearts and minds but we don't want to be in a Formula One prison."

Montezemolo added that there are three possibilities for the future, namely stick with how things are now, new owners for the sport but 'the same business model' or a breakaway run by the teams, 'like they do in the NBA', the National Basketball Association in the USA.

"For me the presence of Bernie is a priority because F1 can't be ruled by the Stock Exchange," he continued.

"We need people with credibility, personality and experience. But in the end we can always find a different promoter. At the end of the day this business is not so complicated."

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