The leader of the Ferrari racing team and currently the second ranking Formula 1 driver, Michael Schumacher, had dismissed the spreading rumors that he is on his way to jump to another Formula 1 team in the near future.

The report was formulated during the release of the August edition of F1 Racing magazine. According to the report, Michael Schumacher's manager Wili Weber had a secret meeting with the senior directors of BMW Sauber Formula 1 team. The alleged meeting discussed about the possibility of Michael Schumacher to join the BMW Sauber racing lineup in the 2008 season of Formula 1 Grand Prix, which will cause Weber to earn billions of bucks. There is no report about the plans of BMW Sauber to support Ferrari by providing them BMW parts.

At the German Grand Prix press conference last Thursday, the media curiously asked Schumacher about the rumors and if he knows anything about the BMW issue, he answered: "No, nothing." Schumacher will remain as the team leader of Ferrari in the upcoming 2007 season of Formula 1 Grand Prix.

Schumacher was also asked about the 17-point advantage made by Renault's Fernando Alonso in the driver's championship making Alonso the number one in driver standings, Schumacher said that he will continue to do his best to cut the lead and make it to the top. He also insisted that having quality tires ensures victory in the championships.

"I don't think the heat has an advantage or a disadvantage for us. The subject here is tires and I think that for both companies involved - Bridgestone and Michelin, sometimes you get it just right and hit the right spot and sometimes not.

"This is the most important factor in deciding who wins the races. From our side, I think recently we have increased our understanding about the tires and, as you have seen, we have used this to our advantage. The level of competition in this sport is so high though that you can easily fall off the competitive edge, as we saw happen to others in the last race. All we can do is take each race, one-by-one," Schumacher explained.