He transformed Formula One into a multi-billion dollar business and ran the sport for four decades. Now Bernie Ecclestone’s reign has ended. The sport’s new owner Liberty Media has appointed Chase Carey to replace him.
For the first time in 40 years, an F1 season gets underway without Bernie Ecclestone at the helm. Liberty Media has promised a new era, but an Anti-Trust investigation and a series of gaffes have raised many questions.
F1's new owners, Liberty Media, have replaced Bernie Ecclestone as the series' day-to-day commercial supremo. Media executive Chase Carey will be the new chief executive, with Ecclestone staying on in an honorary role.
Bernie Ecclestone's shoes may be little, but filling them will prove a mammoth task for F1's new management. The series faces serious challenges, and Mark Hallam is not encouraged by the earliest efforts to address them.
Liberty Media is paying $4.4 billion for Formula One. Owned by 75-year-old tycoon John Malone, the US sports investment firm ends years of uncertainty about the ownership of the global auto racing franchise.
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