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Ecclestone to exit next week?

Bernie Ecclestone set to be offered a “less hands-on role” by Liberty Media
Bernie Ecclestone's reign as F1 ringmaster could come to an end next week, it has been claimed.

According to Sky News, Liberty Media has offered him a “less hands-on role - with a title such as life president”. It also says that Chase Carey, who was appointed as F1's new chairman at the end of last year, has lined up former ESPN executive Sean Bratches to run the commercial side of the sport, while ex-Ferrari and ex-Mercedes man Ross Brawn will have a “key role” on the sporting side.

Liberty Media's takeover moved closer on Wednesday after it was backed by the FIA in a unanimous vote by the World Motor Sport Council.

Speaking the day after that announcement, Ecclestone conceded he didn't know if he will stay on as chief executive officer once Liberty Media fully completes its acquisition of F1.

“We will have to see how we set the company up,” he told Press Association Sport. “It is not a case of my terms, it is a case of let's have a look and see which way they would like to go.

“It is something that would have happened anyway. We need to put something together if I am not here because I have become deceased or something, and it is about time we did that.

“We were in the middle [of that] and when we knew these people were probably going to buy, we backed off and thought 'let's wait because they own the company and it is up to them to decide who or what they want'.”

Quizzed on the fact it had been thought he would remain at the helm for three further years, the 86-year-old added: “That is what they asked for.

“In fact we are going to try to put together people that can look after all the things I have been trying to find people to do, which is the sponsorship and things like that.

“As I said, let's see how we are going to operate.”


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by Rob Wilkins



Related Pictures

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11.11.2016 - Free Practice 2, Bernie Ecclestone (GBR), President and CEO of FOM
26.11.2016 - Chase Carey (USA) Formula One Group Chairman, Bernie Ecclestone (GBR), President and CEO of FOM and Christian Horner (GBR), Red Bull Racing, Sporting Director
13.11.2016 - Race, Bernie Ecclestone (GBR), President and CEO of FOM

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mrfill

January 21, 2017 1:24 PM

richard:
mrfill: Poor old Bernie. His gravy train has just hit the buffers...
well, you should read up on the history of f1. if it wasnt for bernie, you would not have anything to write about ! yes, he made money, but he saw an opportunity and took it. all credit to him for that.
I'm sure F1 would have continued without Bernie. He greatly increased revenue by upping the TV fees and skinning the tracks by taking all the advertising revenue but most of that money went elsewhere away from F1. F1 used to be about building racing cars, now its about flogging overpriced SUVs, absurd watches and fizzy drinks.

here4thesun2

January 21, 2017 4:22 PM

Can't fault him for being successful. And the big promotional companies that have dictators survived - NASCAR, F1, WWE, NFL, MBL, Boxing championships - against a more regional or committee ran sanctioning bodies - USAC / CART, SCCA, AAU, state boxing comissions. It would have been 'nicer' if Bernie looked after the interests of everyone in the sport and fortified it for them rather than skim the cream from the top.



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