By on January 23, 2017

Bernie Ecclestone (Ryan Bayona/Flickr)

Formula One super-magnate and extremely old person Bernie Ecclestone was just ousted from his position as chief executive by Liberty Media — F1’s new owners.

Having bought the company and the voting rights, the American media group’s board of directors designated Chase Carey as Formula One’s new CEO. Unlike Ecclestone, who has been active in motorsport since the 1940s, Carey has a ridiculous mustache and no racing experience whatsoever. 

“I was dismissed today,” Ecclestone told Auto Motor und Sport prior to F1’s official announcement. “It’s official. I am no longer the leader of the company. My position has been taken by Chase Carey. My new position is one of those American terms. It’s something like an honorary president.”

Ecclestone’s departure was anticipated last week, although it was assumed that he would step down voluntarily.

Liberty Media is expected to divide Ecclestone’s former duties among several people. Former Mercedes boss and Ferrari technical director Ross Brawn is still expected to provide oversight for Formula One’s sporting regulation and rules, ESPN marketing executive Sean Bratches should take over F1’s commercial aspects.

Ecclestone, currently 86, has been involved in shaping the landscape of Formula One since 1974. When asked whether he would retain his seat on the FIA World Motor Sport Council, he said, “I doubt it.”

[Image: Ryan Bayona/Flickr (CC BY 2.0)]

Get the latest TTAC e-Newsletter!

Recommended

25 Comments on “Geriatric President of Formula One Forced Into Honorary Position...”


  • avatar
    tylanner

    I love that America is known world-wide as the champion of thinly veiled bullsh*t.

    But not being a namesake and at 86 years old we can hardly bin this as an “ouster”.

    Ross Brawn has garnered nearly universal praise from the entire sport. Using another American bullsh*t term, we will get some “FRESH EYES” on it.

  • avatar
    SCE to AUX

    “Ecclestone’s departure was anticipated last week, although it was assumed that he would step down voluntarily.”

    Yeah, right. Dictators never step down voluntarily.

  • avatar
    Big Al From 'Murica

    Oh sure, they can buy the whole damn sport of F1 but can’t get a decent pitcher for my Braves? If my experience with Liberty Media and my baseball team are a guide get ready for mediocrity F1 fans.

  • avatar
    TybeeJim

    Is Carey the “Donald” of motor racing???

    • 0 avatar
      mtmmo

      If he was as you say the “Donald” of motor racing he wouldn’t have been demoted but rather promoted to the top position. You must have been educated in the public school system.

      • 0 avatar
        VoGo

        Ah, young love. Nice to see. A little creepy to crush on a 70 year old obese man died orange, but who can account for taste? I wish you the best.

        • 0 avatar
          mtmmo

          You sound like you’re in a bad mood. Maybe you’re antsy because tonight’s the night you’re obligated to lay on top of that pouch. That saggy squishy pouch.

          • 0 avatar
            VoGo

            Hey,
            I’ll tolerate a lot of things, mtmmo, but that’s over the line. Do NOT call your mother a saggy squishy pouch. She is a human being and your mother, and she deserves your respect, young man.

            But, yes, I WILL be laying on top of her tonight. All night long.

          • 0 avatar
            mike978

            And to think Vogo complains (rightful) about some peoples tone – Pot. Kettle. Black.

            Anyway back to the actual article rather than personal attacks! Glad Ecclestone has gone, far too old and glad he isn`t around to support Mosley any further.

          • 0 avatar
            VoGo

            Fair point, Mike,
            I reserve the personal stuff for the few people who have attacked me in the past, and frankly, that’s about all mtmmo does here.

            And he pitched that fastball right over the middle of the plate,… I couldn’t help myself.

          • 0 avatar
            28-Cars-Later

            Be cool, children, or Old Man Pants is going to belt us good.

  • avatar
    JMII

    More interesting news is that Liberty is trying to get rid of Ferrari’s automatic $100 million dollar “loyalty” bonus just for showing up with cars painted red.

  • avatar
    Johnster

    I always picture him being played by Martin Landau in the movie.

  • avatar
    BuzzBNY

    I feel bad for Bernie. The Honorary title doesnt really bring the hottest ladies to the Nazi themed sex parties.

    • 0 avatar
      TonyJZX

      Have you seen his wife though? I doubt this 86 y.o. needs more.

      Also it was Max Mosley into the Nazi stuff.

      I do not like bernie too much but I feel the tone of the above news item even makes me feel sorry for the $8 billion dollar guy.

      I see shades of Jeb Bush “they’re kicking me out”…

      • 0 avatar
        BuzzBNY

        Indeed! I forgot it was Bernie who defended Max.
        I cant gather much sympathy for Bernie or Jeb Bush for that matter, but by the same token I would never be so cruel as to wish either one to have to watch an F1 race.

  • avatar
    Syke

    Maybe this means we’ll continue with races at some of the traditional, beloved venues rather than just giving a race this year to whatever dictator in some -stan who ponies up the required millions?

    • 0 avatar
      stuki

      The audience in traditional venues care about Iphone apps. Not racing. The height of their appreciation for manufacturing and ingenuity, is what some adman tells them about how their $10 cup of Joe is harvested by hand by some member of a PC protected group.

      Absent the millions and the James Bond’ish “exoticness”, F1 is a $billions/year sinkhole in anything even remotely close to it’s current form.

      It’s the rest of the world’s US Was Machine, as far as a cost-no-concern megatechbling circus of wealth, power and projected virility is concerned. The last remaining corner of some sort of Hefneresque celebration of filthy rich boys and their unobtanium toys. Take that away, and the fall down to anything resembling sustainability, is so deep as to render it an altogether different sport. Or, just as likely, no unified sport at all.

  • avatar
    Jimal

    The devil you know…

    As easy as it is to rail against Bernie, having non-racing people investing into racing has historically been at best a mixed bag.

  • avatar
    jonnyanalog

    Glad to see this old bag of wind step down. He’s made F1 into a soap opera. Maybe now the playing field can be leveled where smaller teams with smaller budgets can compete.

  • avatar
    Brett Woods

    Bernie Ecclestone, what a guy. I’ve never known any other name in relation to F1 ownership than his. He got superwealthy when he sold/leveraged the Television rights way back. I read most of that TV dough got rolled into trusts for his kids. I think his daughters are richer than he is now. To my mind there was Andy Warhol, Phil Spector, and this guy in terms of 60’s-70’s cool, artistic, media and business savvy dudes with weird hair and great personal talent. Of course, he outlasted both of them. I can’t believe how energetic and active he is even right now, with multiple ex-wives the age of granddaughters and jetting all over the place. So finally at the age of 86 he has sold all of his magnificent F1 empire.

  • avatar
    WallMeerkat

    Hopefully it won’t continue the trend of Mario Kart-esque overtaking boosts or descending into the farcical system that the top NASCAR series has proposed.

    Like him or loath him he has taken the sport to what it is today, a professional glamourous fortnightly globetrotting mega event. Without him it might still be some unsophisticated V8s being drifted around Brands Hatch or Donington Park. Yes we need to protect the core of the ‘old school’ F1 on the European tour – tracks such as Monaco, Italy, UK, and bring back Germany and France, but he has also looked east to Asia, the middle east, and west trying to crack the US (though the 2005 Michelin safety debacle at Indy did F1 no favours).

    One decision that UK followers may loath him for was the F1 coverage move onto subscription TV. From the BBC without adverts, to Channel 4 which is an advert funded public broadcaster (and has been surprisingly good to be fair), to Sky Sports – a broadcaster who did the same in the early 90s to football (soccer) rights, eventually pushing up ticket prices and netting the top clubs millions/billions.

    (Some may recall Martin Brundle’s runin with him when he launched the half hearted F1 network…

    Martin: “We haven’t seen you much lately, Bernie.”
    Bernie: “I’ve been working for Sky television. You know, the people where you can see all the different things that you can’t see on ITV.”
    Martin: “Oh I know – is that the show where you can invite a few mates and double the audience all by yourself?”
    Bernie: “Don’t be naughty.”)

  • avatar
    NeilM

    Bernie says: “It’s official. I am no longer the leader of the company. My position has been taken by Chase Carey. My new position is one of those American terms. It’s something like an honorary president.”

    I believe his title is now Chairman Emeritus, which doesn’t sound all that American to me, what with the decline of Latin as a spoken language and all.

Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • sgeffe: Or the aftermarket will come up with a way, in the form of a doohickey which plugs into the OBD II port, as...
  • sgeffe: The Malibu is about the worst, with the Equinox second. When I’m walking to/from my work lot to my office,...
  • HotPotato: Having solar on your roof makes you MORE resilient if the power goes off (if you’re smart enough to...
  • HotPotato: Translation: California is paying me a fat union retirement pension, and I’m saying thank you by...
  • AthensSlim: When I renewed last summer (‘19) there was no option to renew without also ordering a new plate for my...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber