Jump to content

Bernie Ecclestone ousted from his post

Bernie Ecclestone ousted from his post

chitchatboy

17,008 views

blog-0090820001485338751.jpg

blogentry-133713-0-42779700-1485338748_thumb.jpgFormula One's head, Bernie Ecclestone, has been forced to relinquish his leadership role in the series. His successor expects changes soon.

 

As reported by Carscoops, F1 has been officially bought over by Liberty Media Corporation and Delta Topco in a deal worth S$11.35 million. As part of the deal, Chase Carey has been appointed as Chief Executive Officer and chairman of F1 while Ecclestone has been appointed as Chairman emeritus, an honorary position given to the former F1 head.

 

After the deal went through, Carey said, “I am excited to be taking on the additional role of CEO. F1 has huge potential with multiple untapped opportunities. I have enjoyed hearing from the fans, teams, FIA, promoters and sponsors on their ideas and hopes for the sport. We will work with all of these partners to enhance the racing experience and add new dimensions to the sport and we look forward to sharing these plans overtime.”

 

Liberty Media Group is expected to be renamed as the Formula One Group and begin trading under the FWON ticker symbol.




1 Comment


Recommended Comments

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • It's okay, you're just feeling ambivalent

    I almost always struggle to describe my state of mind when asked to consider how I'm feeling. How do you express emotions that exist together but work in opposition to each other? When invited to join a gathering with friends, I delight over the prospect of catching up but also yearn to be lounging at home. I'm inspired by an accomplished co-worker yet envy her. I feel happy about a new beginning but nervous and, at the same time, sad over the closing of a chapter.  It's complicated. A
×
×
  • Create New...