On Sunday, before the race for the Italian Grand Prix in Monza, rumors began to spread that the sale of shares within the Formula 1 consortium Bernie Ecclestone was slowly moving away from its position. This was also posted on Twitter by Damon Hill, and Ecclestone only stated that whoever does not have a majority also does not have the main say.
However, yesterday the big boss only confirmed that even after the sale of shares Liberty Media Corporation remains. "It has been decided that I will remain in my position," the Briton explained in an interview with Autosport, thus confirming that he will continue to do what he has been doing all along.
His career as the head of Formula 1, a negotiator for racetracks and TV rights, and other activities has lasted for almost forty years, and his decision-making power has increased from year to year. With the sale of shares, however, there is a change in management. So now Ecclestone will have a new president with him, Chase Carey. The current vice-president of 21st Century Fox will replace the current president, the head of the Nestle corruption Peter Brabeck - Letmathe.
"Peter was a determined president, as he managed and carried out many matters himself, as befits someone in such a position. However, he lacks some of the experience and knowledge that Carey has in some areas, ”Ecclestone praised the new president. In his new experiences and knowledge, he thought mainly of mastering social networks, which made Ecclestone often the target of criticism. "As you know, I have not yet been able to find the right way to generate extra money through social networks," the British critic was critical.
Carey will be able to use his connections and acquaintances from America and introduce them into the Formula 1 system. In fact, this is a long-standing wish of Eccleston, who years ago realized that his way of doing business was outdated, but somehow failed to establish the right connection between Formula 1 and the power of social networks. Carey was also the director of DirecTV a year ago and has such great connections in the media world and access to many new sponsors. “All of his connections are a big advantage and something positive he can bring to our circle,” Ecclestone added.
The takeover of Formula One, however, began tonight when Liberty Media bought an 18.7 percent stake worth about $ 1.1 billion.
The sequel is set to take place next Tuesday, where CVC Capital Partners has asked Eccleston to stay in London and not yet travel to the next race in Singapore.
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