Schumacher is not good enough to win F1 races: Briatore

The 60-year-old Italian, who was allegedly involved in the 'crashgate' controversy, said he was happy to have reached a settlement with FIA. Following the controversy involving Briatore during the 2008 Singapore Grand Prix, the FIA had imposed a life ban on the Italian. However, a French court had overturned the ban dealing a big blow to the world governing body. The FIA was expected to appeal the ban in the court. However, in between, the FIA administration changed and the new FIA president Jean Todt initiated a settlement with Briatore by which FIA wouldn't appeal against the ban while Briatore would remain out of Formula 1 till 2013.

"Times have changed. There is a new administration at FIA. The new president has tried to find a solution. I am very happy with the settlement," Briatore remarked.

About the possibility of a return to Formula 1, Briatore said that his focus was on family and his baby at present. "Formula 1 is not a priority right now. Maybe in the future, if some teams approach and we reach some agreement, there is a possibility. But as of now, I am going to lead a more relaxed life," he said.

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