 The hiring of Jean Todt as Sporting director in 1993 and Michael Schumacher in 1996 triggered a comeback of the F1 team, with three wins in 1996, and close yet eventually losing challenges to the driver's championship in the years 1997 to 1999.In an unprecedented and record-setting fashion, Schumacher and Ferrari dominated F1 winning the World Driver's championship from 2000 through 2004 and the Constructors' Championship from 1999 through 2004.In June 2002 Fiat sold 34% of Ferrari to a Mediobanca-led consortium of banks for €775.2 million.