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Ecclestone planning on staying for 3 more years

F1 commercial boss Bernie Ecclestone has said that he's not looking at retiring any time soon, and indicated that he plans to stay on until he's at least 85 - in three years time.
Bernie Ecclestone has brushed aside speculation that he might be looking to retire once F1 is floated on the stock exchange by current majority owners CVC.

"As long as I feel I can deliver, and the shareholders are happy for that to happen, I will stay," Ecclestone told BBC Sport on Friday. "When I can't I'll give them plenty of notice."

Ecclestone has been in charge of the commercial side of the sport for the last 17 years, and indicated that he plans to make it at least another three years before he steps aside, by which time he will be 85.

"Eventually I'm going to go, one way or another," he admitted. "But as long as I feel I can deliver - and [shareholders] are happy for that to happen - I will stay."

The latest speculation about Ecclestone's retirement has been provoked by the prospectus for F1's initial share offering on the Singapore stok exchange - currently pushed back into 2013 because of the weak economic climate - hinted at plans to recruit a successor for him.

"When we decided we're going to get an IPO, the obvious thing was 'well, what's going to happen about Bernie?'" he explained. "So we put in the prospectus that we're going to find a head-hunter to try and find someone. That was a couple of years ago."

But he insisted that this routine business provision in the share offering documentation didn't mean that his plans had changed or that he was about to walk away from the sport that he had built up into a global business.

"I will tell CVC exactly if I'm going to turn it in, when I'm 85 or something like that, which will give them plenty of notice," he said.

Ecclestone also told the media in India that the push into global markets may mean that Europe could lose another two Grand Prix events.





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20.07.2014- Bernie Ecclestone (GBR), President and CEO of Formula One Management
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Bernie Ecclestone
Bernie Ecclestone
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06.07.2014 - Bernie Ecclestone (GBR), President and CEO of Formula One Management and Prince Henry of Wales
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autoglam - Unregistered

October 27, 2012 6:39 PM

My sound horrid as I detest the man but lets hope the grim reaper doesnt like his three year plan and we get a nice concerning person after him who cares about the fans more than the money grabbing shareholders.



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