ROME -- Ferrari president Luca Di Montezemolo will leave the company next month amid a disappointing season by the flagship Formula One team and before an imminent stock listing of merged parent company Fiat-Chrysler. Montezemolo will depart on Oct. 13 following Ferraris 60th anniversary celebration of sales in the United States, a statement from Fiat-Chrysler said on Wednesday. Fiat-Chrysler CEO Sergio Marchionne will also take on the Ferrari job in the immediate term. While Ferrari is healthy economically, the F1 team has struggled in recent years and was a long way off the leaders at last weekends home Italian Grand Prix, where there was a public spat over the teams performance. At the time, Montezemolo insisted he would stay on in the job, but Marchionne said he was terribly upset by the F1 teams performance, which he deemed unacceptable. The most successful team in F1 history, Ferrari has not won a constructors title since 2008 and this season has gone from bad to worse, with drivers Fernando Alonso and Raikkonen failing to win a single race. It hasnt won the drivers title since Raikkonen was the champion in 2007. Our mutual desire to see Ferrari achieve its true potential on the track has led to misunderstandings which became clearly visible over the last weekend, Marchionne said in a statement Wednesday. Montezemolos departure is slated for three days before the new merged Fiat-Chrysler company is listed on the New York Stock Exchange. Fiat controls 90 per cent of Ferrari. Ferrari will have an important role to play within the FCA group in the upcoming (listing) on Wall Street, Montezemolo said. This will open up a new and different phase which I feel should be spearheaded by the CEO of the group. This is the end of an era. Montezemolo joined Ferrari four decades ago after founding father Enzo Ferrari brought him in as his assistant. After a brief period away from the company, he returned as president in 1991 and over the past 23 years the F1 team has won 14 titles -- eight constructors championships and six drivers titles (five won by Michael Schumacher and one by Kimi Raikkonen). The teams struggles had already claimed a major scalp this season, with the removal of Stefano Domenicali as team principal in April. Matters came to a head at the weekends race at Monza, when Alonso retired due to a rare mechanical problem and teammate Raikkonen struggled into a distant and uncompetitive ninth. A former chairman of Fiat, Montezemolo is also a member of the companys board of directors. But not for long. At Fiats last shareholders meeting, it emerged that Montezemolo will be left off the board of the merged company. Current chairman John Elkann said the move was made to reflect the international composition of the new automaker. Montezemolo stepped down as Fiat chairman in 2010, handing the reins to Elkann, an heir of the Agnelli family which controls 30 per cent of Fiat. Luca and I were appointed to the Fiat board of directors on the very same day back in 2003, Marchionne said. One year later, he became chairman and I became CEO. We worked side by side, sharing concerns, difficulties and successes. As Chairman of Ferrari, he drove the company to a new level of technological and organizational excellence which also brought with it outstanding financial results, Marchionne added. I want to thank Luca for all he has done for Fiat, for Ferrari and for me personally. Montezemolos mandate as president was slated to last through 2017, and it was unclear what type of economic terms he was leaving on. Montezemolo has been mentioned as a possible candidate for the presidency of struggling Alitalia, which recently joined with Etihad Airways. Montezemolo and Marchionne were slated to hold a joint news conference later Wednesday. Meanwhile, Alonso could be in for change, too. The Spaniard won two F1 titles when he was with Renault and is still considered one of the top drivers in the sport. But his contract is set to expire in 2016 and so far there has been no word of an extension. Ive always said that I want to stay with Ferrari and if there are no big changes Ill stay for at least another two years, Alonso told Sky TV last week. But we need to evaluate and work on maintaining this marriage in a winning manner. A Ferrari car hadnt retired for mechanical problems in 86 races and Sundays results dropped Ferrari to fourth in the constructors standings behind Williams in third. Mercedes holds a massive 182-point lead in the team category ahead of Red Bull. Paul Millsap Nuggets Jersey . Quarterback Drew Willy appeared to injure his throwing hand on the third last play of practice Thursday. Jamal Murray Jersey . -- Another baseball tradition is about to largely disappear: a manager, with a crazed look in his eyes, charging the field and getting into a face-to-face shouting match with an umpire. http://www.nuggetsprostore.com/kids-allen-iverson-nuggets-jersey/ .cas NHL Play of the Year showdown continues today with a man whos spent most of his career on highlight reels and a goalie actually "reaching back" for a save. Will Barton Nuggets Jersey . As the schedule flipped from November to December, they would go on to drop five straight, falling six games below the .500 mark before a franchise-altering trade turned them into an unrecognizable team. Gary Harris Nuggets Jersey . Browns advice worked. Irving scored 20 points, including seven in the fourth quarter, and Cleveland defeated the Los Angeles Clippers 88-82 Saturday night. Irving made his first shot of the night on a layup a little over three minutes into the game.TORONTO -- How young will Vancouvers starting lineup be Wednesday for the first leg of the Amway Canadian Championship semifinal against Toronto FC? "Younger than young," Whitecaps coach Carl Robinson said with a smile. "Because my first-team squad is young anyway so its a little bit younger than that. "I want to give the opportunity to some of the younger players Ive got in my squad to see how close they are to being ready. Theyve got great, fantastic ability but the only way they can learn is by challenging them in certain game situations and I think (Wednesday) is a perfect example for them to get given the opportunity. "Ive got 100 per cent faith in them." FC Edmonton hosts the defending champion Montreal Impact in the other first-leg semifinal Wednesday. Edmonton advanced by dispatching Ottawa Fury FC 3-1 on aggregate in a battle of North American Soccer League teams. Theres likely more than national pride at stake for Vancouver in showcasing the young Canadians. The Whitecaps (3-2-4) are coming off a 3-2 home win over the San Jose Earthquakes. Facing a game in Columbus on Saturday, it makes sense to rest some starters with three games in a week. So Robinson, who brought 26 players on the road trip, plans to give Canadian youth a chance with starts for 17-year-old goalkeeper Marco Carducci and 20-year-old midfielder Bryce Alderson. Midfielder Russell Teibert, a 21-year-old who already has 46 MLS appearances under his belt, will also start and Robinson is expected to have other young Canadian talent such as teenage midfielders Marco Bustos and Kianz Froese, in his matchday 18. Carducci, who has twice been named Canadian Under-17 Player of the Year, starts ahead of No. 2 keeper Paolo Tornaghi. "Im going to be very excited," Carducci said Tuesday when asked what his emotions will be come kickoff. Robinson speaks glowingly about his young keeper, a Calgary native who played for Canada at the 2013 FIFA U-17 World Cup. "Hes brilliant," said the former Welsh international, praising his commitment, work ethic and temperament. Alderson is also bubbling with excitement. "Its huge," said Alderson, who captained Canada at the 2011 FIFA U-17 World Cup and has played for the Olympic team in qualifying. A native of Kitchener, Ont., he grew up supporting Toronto FC. Now he is trying to find tickets for family and friends to see him play against them at BMO Field. Its also a home showcase for Teibert, a native of Niagara Falls, Ont., and former member of thhe Toronto FC Academy.dddddddddddd "It means a lot," he said. "Its a Canadian championship and we havent been the best team in Canada just yet. Hopefully this is the year." Robinson plans to save his starting centre backs Jay DeMerit and Andy OBrien for Saturdays game in Columbus. Johnny Leveron and Carlyle Mitchell, who have deputized for the two veterans before, will likely take over Wednesday. The Whitecaps also recalled striker Omar Salgado from the Charleston Battery of USL Pro on Tuesday. Salgado will be available for Wednesdays game. Toronto has the weekend off so is facing less of a short-term fixture crunch. And given it is only now returning to a full roster after a slew of injuries, the chance to give the first team more time to play together is welcome. Still manager Ryan Nelsen plans to give goalie Joe Bendik his first start of the season, opting to rest Brazilian No. 1 Julio Cesar. That opens the door for Bendik, who started 33 games for Toronto last season before losing his job to Cesar this year. Midfielder Jeremy Hall (Achilles) is out while defender Bradley Orr (calf) and midfielder Jonathan Osorio (charley horse) are doubtful. Nelsen says designated players Jermain Defoe, Michael Bradley and Gilberto will "most likely" see action. "Theyre all desperate to play," he said. Defoe and Bradley have both missed time due to injury so still are finding their legs, the manager said. And while Brazilian striker Gilberto has yet to score, he is threatening in front of goal. "In all honesty, they do need games," Nelsen said. The Toronto manager also pointed out matter-of-factly that he tends to starts a lot of his young Canadians week in and out, with defender Doneil Henry and midfielders Osorio and Kyle Bekker as Exhibits A, B and C in recent weeks. Toronto (3-4-0) dropped its third straight game when it lost 2-1 to visiting New England on the weekend. Nelsens team, which has had widespread injury problems, has lost four of the last five. Montreal captured the inaugural Canadian championship in 2008. Toronto won it the next four years before the Impact claimed it again last year. Vancouver has finished runners-up five straight years. The winner hoists the Voyageurs Cup, donated by the Voyageurs Canadian supporters group, and earns a berth in the CONCACAF Champions League, a 24-team competition featuring clubs from North and Central America and the Caribbean. The CONCACAF Champions League winner advances to the FIFA Club World Cup. ' ' '