Ferrari F1 driver Michael Schumacher of Germany
Ferrari F1 driver Michael Schumacher of Germany celebrates after taking the pole position at the end of the qualifying session for the Bahrain Formula One Grand Prix at the Sakhir racetrack in Manama in this March 11, 2006 file photo. Formula One ex-champion Schumacher, who sustained severe head injuries in a ski accident in late 2013, is no longer in a coma and has left the French hospital where he was being treated since the accident, his spokeswoman said on June 16, 2014. REUTERS

Formula One legend Michael Schumacher has reportedly suffered a health setback, according to former Ferrari president Luca di Montezemolo.

“I have news and unfortunately it is not good,” Schumacher’s ex-boss said, as quoted by BBC Sport. However, Di Montezemolo did not provide any further details about Schumacher’s condition.

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"Life is strange," he commented. "He was a fantastic driver and only had one accident with Ferrari in 1999."

In December 2013, the seven-time world champion figured in a skiing accident in France. An emergency surgery was performed on Schumacher after the 47-year old German racing car driver suffered severe head injuries. The accident left him in a coma, and he spent months in a hospital before he moved back home by Lake Geneva in September 2014.

There had been a number of speculations from Schumacher’s friends and colleagues. In November, FIA president and former Ferrari team principal Jean Todt said that Schumacher is “still fighting,” according to a report by The Guardian.

Last month, an unnamed friend of Schumacher told German magazine Bunte that the racer was walking again and moving his arm with the help of therapists. However, the news was refuted by Sabine Kehm, Schumacher’s manager. “Such speculation is irresponsible, because given the seriousness of his injuries, his privacy is very important for Michael. Unfortunately they also give false hopes to many involved people,” Kehm said as quoted by The Guardian.

Kehm has declined to comment about Di Montezemolo’s latest announcement, according to BBC Sport.

Fans are awaiting for Kehm to speak out, since most of them believe that she is the only reliable source for anything related to Schumacher.

Schumacher, widely regarded as one of the greatest F1 drivers of all time, has bagged the world title on seven occasions. He also holds the record for the most F1 Grand Prix victories, having won 91 times. Schumacher was named the Laureus World Sportsman of the Year twice.