Rossi stays in MotoGP

Valentino Rossi has turned his back on a multi-million pound switch to Formula One in 2007 by confirming today he is to continue racing on two wheels in the MotoGP world championship.
The 27-year-old Italian confirmed in Italy this afternoon (May 24) what he’s been telling MCN for the last six weeks that he won’t move to Ferrari next year, ending constant speculation about his future.
The Camel Yamaha rider’s decision comes as no surprise, as he was hotly-tipped to end speculation about his future at next week’s Italian GP in Mugello.

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But desperate to avoid a media frenzy at his home race, Rossi has decided to break his silence and confirm he will extend his current contract with Yamaha, for whom he has won the last two MotoGP world championships.
He is expected to reveal at Mugello what his plans for his future in MotoGP are, with suggestions already that he could agree to a further two-year extension.
The seven-time world champion’s future has been the subject of endless debate in recent months with rumours that Rossi could make a sensational multi-million pound switch to Ferrari’s Formula One team.

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Only recently did Yamaha race boss Lin Jarvis tell MCN that he wasn’t overly concerned about Rossi’s future, with Rossi’s contract with the Camel squad expiring at the end of the season.
The issue of Rossi’s future had been placed on the backburner somewhat in the last few weeks, and a potential switch to Ferrari appeared to hit the rocks earlier this month when Michael Schumacher announced he could delay his own decision about his future until the end of the F1 season.
It was only on Monday night when Rossi was awarded the ‘Spirit of Sport’ Award at the prestigious Laureus Sports Awards in Barcelona that he was encouraged to make the switch to four wheels by F1 supremo Bernie Ecclestone.
Ecclestone presented Rossi with the award and urged him to switch.