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Walsh no longer interested in role as F1 chairman

  • Published on 17 Dec 2014 11:28
  • comments 0
  • By: Rob Veenstra
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."

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24 - Sep 26
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3 - Dec 5
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10 - Dec 12
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Formula 1 Calendar - 2021

Date
Grand Prix & Circuit
26 - Mar 28
16 - Apr 18
7 - May 9
20 - May 23
Monaco Monte Carlo
4 - Jun 6
Azerbaijan Baku City Circuit
18 - Jun 20
France Paul Ricard
25 - Jun 27
Austria Red Bull Ring
2 - Jul 4
Austria Red Bull Ring
16 - Jul 18
United Kingdom Silverstone
30 - Aug 1
Hungary Hungaroring
27 - Aug 29
3 - Sep 5
Netherlands Circuit Zandvoort
10 - Sep 12
Italy Monza
24 - Sep 26
Russian Sochi Autodrom
1 - Oct 3
8 - Oct 10
22 - Oct 24
United States of America Circuit of the Americas
29 - Oct 31
5 - Nov 7
Brazil Interlagos
19 - Nov 21
Australia Albert Park
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Saudi Arabia Jeddah Street Circuit
10 - Dec 12
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