Schumacher decides to quit racing

Famous German Formula One driver Micheal Schumacher has announced that he will retire from the fast sport at the end of this season.

After 246 races, 90 victories, 66 pole positions, 75 fastest laps and seven world championships, this man finally decides to stop the wheels.

Schumi announced that the chequered flag at the Brazil Grand Prix in December would mark the end of his illustrious fifteen years old career, after wining on Sunday at Monza.

Ferrari team leader, Michael Schumacher has revealed that he made the decision to retire from the Formula One back at the United States Grand Prix in July.

Commenting on this he said "There's been a lot of discussion for a long time concerning my future and so on and I think all the fans, all the people interested in motor sport, they have a right to have explained to them what's going to happen.”

Ferrari, at this point is pretty bothered to synchronize its present equations of wining with the future. Though they have roped in Kimi Raikkonen in the void space available after this season.

Schumacher's own view, however, is less grim, as he called the decision to hire Räikkönen a 'very good' one.

He said, 'They are making sure that the success can continue,' he insisted. 'They will exist after me, as they did before.'

Räikkönen, 26, said he experienced a similar situation at McLaren in 2002, when he replaced twice world champion Mika Hakkinen.

37-year-old Schumacher made his Formula One debut with the Jordan-Ford team at the 1991 Belgian Grand Prix as a replacement driver for the imprisoned Bertrand Gachot.

In 1996, Schumacher signed a contract with Ferrari, which at the time was a highly risky move, given Ferrari's championship drought, becasue the Italian team had not won a title since 1979.

Since the 1994 death of driver Ayrton Senna, Schumacher has been widely regarded as the fastest driver in F1.

A measure of his greatness is provided by his tally of 1354 championship points, which is almost twice that of former greats Alain Prost and Ayrton Senna, who are the next highest point-winners.

He also holds the record for garnering a stupendous 148 out of a possible 180 points in the 2004 season, having won 13 out of the 18 races that year.

His record of 24 consecutive race finishes without retiring is also unmatched.

He's the only driver to lead over 5000 laps, and the only man to win the same Grand Prix 8 times having made the French Grand Prix at Magny cours his own.

The Ferrari driver will be remembered for the way he dominated Formula One for over a decade, and, more importantly, the way he drew fans to this sport with his attractive brand of driving.