Former Ferrari boss Luca di Montezemolo said today that the health of the seven-time Formula One World Champion is not good.
The German is still receiving intensive treatment far from the public eye at his home in Switzerland following severe head injuries that he suffered in a skiing accident in France in December 2013.
"I have news and unfortunately it is not good," Montezemolo told reporters without giving any further details.
"Life is strange. He was a fantastic driver and only had one accident with Ferrari in 1999", the former Ferrari chairman said.
It comes as motor racing insiders say that the medical team of 15 experts who care for him around the clock remain optimistic of a breakthrough.
Insiders say he remains immobile and cannot speak but his family, led by devoted wife Corinna, have never given up hope that one day he will come back to them.
The clan were infuriated at a report in a German celebrity magazine shortly before Christmas which claimed the Ferrari superstar was now taking small walking steps at his £35 million mansion in Gland, Switzerland.
There was a fierce public denial. The official line is that Schumi continues to show "small encouraging signs," but with no detail of what these might be.
The vast half-a-billion pound fortune Schumacher accrued during his years at the top means money is no object when it comes to caring for him.
It is understood the family have consulted with the greatest neurological experts in Europe and the USA. The.prognosis remains the same : only time will tell.
One F1 insider said: "Hope a recovery is the glue binding Corinna and the children, Mick and Gina Maria, together.
"They have never wavered in their belief that one day Michael would come back to them.
"His father Rolf moved into house built in the extensive grounds to be near him all the time. If love was all it took, Michael would have been up and about months ago."
But the trauma he suffered while out skiing on December 29 2013 was so complex and so severe that he remains dependent on his carers.
They turn him to prevent bedsores, wash him, massage his atrophied muscles and hook him up to the expensive medical machinery which helps him breathe at night and monitors all his vital signs.
So far it is estimated his recovery has taken a 20 million pound bite out of his bank account. But top sponsors like Mercedes have never deserted him and he continues to earn money even now.
But perhaps a sign that the family knows it is in for the long haul came last year when Corinna sold his private jet and a holiday home they shared in Norway.
She has also taken over the financial reins of his empire and is advised on a daily basis on investments and cash flows by a battery of lawyers.
One source close to the family said: "While they wait for the breakthrough the practical side of Corinna has come to the fore. She is now in charge of Schmacher Inc. until the day he is well enough to resume his role.
"The family have been astonished at the outpouring of love for him from around the world. Only a few close friends and family get to see Michael now, but they pulse out the love of millions at his bedside."
FIA president Jean Todt said in December that Schumacher was 'still fighting'. Ross Brawn added: "We just keep praying every day that he'll recover to a stage where?it's slow, but there's always hope."
Updates have been difficult to come by otherwise, both officially and unofficially, with the Schumacher family even suing German tabloids in July for posting reports Michael had spoken his first words since the accident.
His manager Sabine Kehm criticised the magazine which reported he had begun walking.
"Unfortunately we are forced by a recent press report to clarify that the assertion that Michael could move again is not true," she said at the time.
"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."
The reality is hard for the family to bear. But living without hope for him would be even worse.