Ferrari chairman John Elkann concedes his team is unlikely to be in a position to win in Formula 1 before a re♊gulation overhaul in 2022.

Major changes to the technical꧑ regulations aimed at closing up the field were originally intended to be introduced for 2021 but have been delayed until 2022 amid a number of cost-cutting measures enforced by F1 as a direct consequence of the coronavirus pandemic.

Ferrari has endured a woeful start to 2020 after taking the wrong direction with its car design concept this season, and with development scope limited for the next year with teams forced to carry over their cars into 2021, the Italian outfit is faced🥂 with the likelihood of its competitive struggles continuing next year.

Speaking in a rare interview with Italy’s , Elkann called for patience from fans of the Scuder🦩ia, while he also expressed “total trust” in team principal Ma🦹ttia Binotto.

"This year we are not competit🍃ive because of car design errors," Elkann s🍎aid.

"We have had a series of structural weaknesses that have existed for some time in the aerodynamics and dynamics of the vehicle. We have also lost in engine 🙈power.

"The reality is that our car is not competit♉ive. You saw it on the track and you will see it again.

“We are laying the ♑foundations for being competitive and returning to winning when the rules change in 2022. I am convinced of it,” he added.

"Binotto ♏has the characteristics and skills t♔o start a new winning cycle.”

"A long path awaits us. When Todt started that historic cycle [of five consecutive titl✃es] in 2000, we came from a fast that lasted for more th🍌an 20 years, from 1979.

"It took time, from when he arrived in 1993 to when he brough💞t Ferrari back to victory. The important thing, then, is to work on and off the track, bringing cohesion and stability, building the Ferrari we want step by step.”

Ferrari currently sits fifth in the constructors’ championship after the opening three races and has managed a best result of second place, achieved by Charles Lec🥂lerc during a crazy season-opening Austrian Grand Prix.

Elkann also spoke of Ferrari’s🌼 decision to part ways with four-time world champion 🔯Sebastian Vettel and replace him with current McLaren driver Carlos Sainz for 2021.

"In the past 10 years we have had champions such a♌s (Fernando) Alonso and Vettel, who have been world champions," Elkann explain💦ed.

"But it is undoubtedly more difficult to rebuild a cycle and ask patience to those who have already won compared to those who have൩ the future ahead of them.

"We are laying the foundations for building s💝omething important and lasting, and the contract we signed with Charles proves it: five years, never so long in Ferrari's hဣistory.

"𒁃Leclerc and Sainz will𒀰 make Maranello their home, will be close to our engineers. The new machine will be born with them."