Jump to content
Sgcarmart Trusted Brand Showcase - Jack Cars at Katong i12 from 22 to 28 Apr 2024 ×

Bernie Ecclestone ousted from his post

Bernie Ecclestone ousted from his post

chitchatboy

Entry posted by chitchatboy ·

17,011 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

  • Is 'tiny living' really irrelevant in Singapore?

    I discussed the possibility of living in tiny houses in Singapore in an earlier blog post. But as we know, it isn't an option to begin with – no thanks, of course, to our lack of land space.  Someone also pointed out that the idea of tiny houses is "romanticised" – which, I don't deny (but hey, that's why it's a dream). While it's clear tiny houses aren't going to work out here, the concept of 'tiny living' is; not just physically but also mentally. Anyone who has lived enough years lo
×
×
  • Create New...