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F1 Singapore GP: New F1 boss Chase Carey teases US expansion

Chase Carey offers a glimpse of his vision for Formula 1 following Liberty Media's takeover, hinting at a firm push into the American market.
New Formula 1 Chairman Chase Carey has indicated it is his intention to further expand the sport in crucial American and Asian markets as he looks to take it to 'another level'.

Speaking publicly for the first time since American firm Liberty Media assumed a controlling stake in Formula 1 ahead of the Singapore Grand Prix, Carey – who has been chosen as the man to take charge of F1 – says he wants to observe and learn initially before outlining a strategy for the sport's future.

"For the first few months - call it 100 days - it is largely listening and meeting - and digesting,” he told the BBC. “And then come out of that phase with a degree of visions that continue to be shaped. Nothing is ever written in stone. Bernie is the CEO, so Bernie is going to lead it and I will work with Bernie to establish some kind of strategic plan to where you want to go."

The deal is seen by many as F1's opportunity to get a foothold in the huge US market having struggled to do so over the years relative to other intentional sporting brands.

Indeed, Carey suggests this will be one of his main focuses, hinting there could be more events in locations as 'Los Angeles, New York and Miami' to capitalise on F1's 'premium brand'.

"It is too early to have a clear plan, but we clearly will have a plan to develop America, to be in the right market. There is a big untapped audience in the US. I don't want to criticise the efforts in the past, because I don't know the efforts in the past.

"Formula 1 is a great premium brand and that means to me that you want to be at a location like Los Angeles, New York or Miami. Ideally in the great cities in the world."

Though F1 supremo Bernie Ecclestone remains in charge 'day-to-day' for the time being there has been no formal indication of how long he will remain at the helm. Furthermore, with many expecting a definitive shift towards a broader digital marketing platform – which would likely loosen Ecclestone famously firm grip on television rights – it could signal a change at the top.

"I believe that a good digital product makes the television product more rewarding,” Carey continued. “Marketing the sport, in telling the story of the stars and heroes and the incredible machines. Then strengthen it geographically. So there is not 'the cash cow', but there is growth possibility in every area."

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Related Pictures

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18.09.2016 - Race, (L-R) Chase Carey (USA) Formula One Group Chairman
18.09.2016 - Race, Chase Carey (USA) Formula One Group Chairman
17.09.2016 - Qualifying, Ron Dennis (GBR) McLaren Executive Chairman and Chase Carey (USA) Formula One Group Chairman
17.09.2016 - Qualifying, Chase Carey (USA) Formula One Group Chairman
29.09.2016 - Sebastian Vettel (GER) Scuderia Ferrari SF16-H
29.09.2016 - Daniel Ricciardo (AUS) Red Bull Racing RB12
29.09.2016 - Daniil Kvyat (RUS) Scuderia Toro Rosso STR11
29.09.2016 - Daniil Kvyat (RUS) Scuderia Toro Rosso STR11
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29.09.2016 - Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Jean Alesi (FRA)
29.09.2016 - Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid
29.09.2016 - Press conference, (L-R) Esteban Ocon (FRA) Manor Racing MRT05, Nico Hulkenberg (GER) Sahara Force India F1 VJM09, Daniil Kvyat (RUS) Scuderia Toro Rosso STR11, Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid, Jenson Button (GBR)  McLaren Honda MP4-31 and Felipe Massa (BRA) Williams FW38
29.09.2016 - Press conference, Nico Rosberg (GER) Mercedes AMG F1 W07 Hybrid and Jenson Button (GBR)  McLaren Honda MP4-31
29.09.2016 - Kevin Magnussen (DEN) Renault Sport F1 Team RS16
29.09.2016 - Kevin Magnussen (DEN) Renault Sport F1 Team RS16
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richard

September 20, 2016 1:59 PM

i dont know what all the fuss is about. the real owner of liberty...malone..has already said that he wants to increase the european content, so we could easily see the ressurection of some of the old favourites,. something that we all should look forward to. and so what if there is an extra usa race or two? we might see fewer of the gulf races. nobody should be averse to changes because we have no idea as to how it will pan out



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