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Stellantis and Ferrari boss is pitted against his own mother in Agnelli inheritance drama

  MILAN, Italy — A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy's business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a symbol of Italy's post-war economic boom and who died two decades ago. It pits Agnelli's daughter Margherita, who inherited 1.2 billion euros ($1.3 billion), against three of her eight children including her eldest, John Elkann, the chairman of Ferrari and carmaker Stellantis. In the dispute that has riven one of Italy's elite families, Margherita is fighting to overturn agreements she signed after her father's death in order to eventually benefit her five children from a second marriage, sources close to her say. Should the Turin court decide in her favor, Margherita, who is 67 and Gianni Agnelli's only surviving child, could stake a claim to half of her late mother's estate and a share in the Elkann family business. The center of the dispute The dispute has its origins in an inheritance deal known as the "Geneva pacts" that Margherita, an artist and philanthropist, signed in 2004 after the death of her father the previous year and agreed to when Fiat was on the brink of bankruptcy. Under the first pact, Margherita received property, works of art and other liquid assets from Gianni's estate and renounced any future influence in the Dicembre (December) company, a key part of the ownership structure of Exor, the Agnelli-family holding. The pacts cemented John Elkann's position as Gianni Agnelli's chosen successor and effectively took his mother Margherita out of the equation. John Elkann, 47, now leads Exor, which owns slices of prestigious businesses and brands including national newspapers and the soccer club Juventus. The second pact covered what would happen to the estate of Margherita's mother Marella, who died in 2019 aged 91. Marella passed her Dicembre stake to three of her grandchildren, John, his brother Lapo and sister Ginevra, from Margherita's first marriage to journalist Alain Elkann. Margherita wants the pacts to be rescinded to be able to give her children with second husband Serge De Pahlen, a Franco-Russian former Fiat executive, a share of their grandmother's estate, sources close to her say.

Watch boxer Errol Spence cartwheel Ferrari in injury crash

DALLAS — Welterweight boxing champion Errol Spence crashed a speeding Ferrari in Dallas early Thursday and was badly injured but is expected to survive, police said. The crash happened just before 3 a.m., when Spence's Ferrari crossed a median into oncoming traffic and flipped over several times, ejecting Spence, who wasn't wearing a seatbelt, police said. Spence was taken to a hospital and placed in the intensive care unit. "Spence is awake and responding and his condition is listed as stable. He did not sustain any broken bones or fractures but has some facial lacerations. He is expected to make a full recovery," the Spence family said in a statement Thursday evening. Police said they're still investigating the cause of the crash, but they noted that the Ferrari was speeding at the time. Last month, the 2012 U.S. Olympian added the WBC welterweight title to his IBF strap with a thrilling split-decision victory over Shawn Porter in Los Angeles. With his rangy athleticism and virtuosic skill, Spence, who is 26-0 with 21 knockouts, has captured fans with a series of crisp victories in recent years. He won the IBF title in 2017 by stopping Kell Brook in England, and he defended it three times, culminating in a one-sided thrashing of undersized Mikey Garcia in March. Spence, 29, emerged victorious from his bout with the veteran brawler Porter (30-3-1), which featured several wild exchanges and had the Staples Center crowd of 16,702 on its feet throughout the 12th round and roaring for both fighters when they embraced after the final bell. Heading into the fight in which he was a heavy favorite, Spence had a lot of attractive options ahead, including a possible fight with the resurgent Manny Pacquiao and a potential bout with fellow unbeaten champion Terrence Crawford after that. Celebrities Ferrari Performance

Alfa Romeo returns to F1 racing by sponsoring Sauber for 2018

Doesn't it feel good to see the Alfa Romeo emblem proudly displayed on a Formula One car again? It's been 30 years since Alfa Romeo had anything to do with F1 cars, as in the late '80s the manufacturer supplied engines to Ligier and Osella. Alfa Romeo even developed the first modern Formula One V10 engine, but that ended up in a 164 Procar instead of Ligier race cars. After a 30-year hiatus, it was announced in late 2017 that Alfa Romeo's brand would return to F1 racing by sponsoring Sauber. There isn't an Alfa Romeo engine in the 2018 Sauber C37, as it uses a current Ferrari power unit instead and Alfa Romeo's involvement is strictly about FCA's sponsoring the Swiss racing team. The drivers for 2018 are Charles Leclerc and Marcus Ericsson. Jorg Zander, Sauber's technical director, says: "The car philosophy is much different to that of the C36. The aerodynamic concept has changed significantly, and the C37 has several new features in comparison to its predecessor. We are positive that the new concept offers us more opportunities and will help us to make improvements during the course of the season. The 2018 Ferrari engine will also give us a boost in terms of our performance. We hope that we will make progress with the C37 and that we are more competitive compared to 2017." Related Video: Featured Gallery 2018 Alfa Romeo Sauber F1 Image Credit: Sauber F1 Team Motorsports Alfa Romeo Ferrari Racing Vehicles F1 FCA