Paul Walsh is no longer a threat to Bernie Ecclestone's long reign over formula one. Specialist reports in the Financial Times and The Times newspapers said former Diageo chief Walsh, hotly tipped to become the sport's new chairman over the last few days, has now "walked away".
Asked last week about claims Walsh intended to "rein in" Ecclestone's controversial management style, the 84-year-old F1 supremo had fired: "First he's got to be appointed, hasn't he?" A source has now told the London newspaper The Times: "Paul only wanted to take it on if there was complete accountability and authority. There was neither and he did not want to be simply a puppet or figurehead."
Although CVC did not comment, the news is interpreted as a blow to F1's major shareholder as Donald Mackenzie had seriously courted Walsh for the role. The F1 teams may also be disappointed, as backmarkers collapse, disputes over income and engines rage, and sponsorship and audience numbers decline. An unnamed team boss said: "We are all back where we started and it looks as though nothing is going to change."
Walsh no longer interested in role as F1 chairman
- Published on 17 Dec 2014 11:28
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- By: Rob Veenstra
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Formula 1 Calendar - 2026
Date
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Spain
Circuit de Catalunya
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Bahrain
Bahrain International Circuit
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Bahrain
Bahrain International Circuit
6 - Mar 8
Australia
Albert Park
13 - Mar 15
27 - Mar 29
Japan
Circuit Suzuka
10 - Apr 12
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Bahrain International Circuit
17 - Apr 19
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Jeddah Street Circuit
1 - May 3
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Miami International Autodrome
22 - May 24
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Gilles Villeneuve
5 - Jun 7
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Monte Carlo
12 - Jun 14
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Circuit de Catalunya
26 - Jun 28
Austria
Red Bull Ring
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