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Bernie Ecclestone has ousted from his role as CEO of F1 after weeks of speculation about his future. The 86 year old will reportedly be replaced by Chase Carey from Liberty Media.
No official confirmation has come from Liberty Media, however Ecclestone revealed at his London home that he has been ousted.
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"I do not run the company anymore. This role is now occupied by Chase."
"My days in office are now somewhat calmer. Maybe I'll come to a Grand Prix sometime. I still have a lot of friends in the Formula One. And I still have enough money to be able to afford a visit to a race.
"I now get a job the Americans describe as as Honorary Chairman. What that title means I will carry I don't exactly know.
Whether Ecclestone retains his role in the FIA World Council remains unclear. "I doubt it. I have to talk about it with Jean Todt about it."
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C. Sainz jr
talktohenry
Posts: 362
He sold at the right time, a time when all the promoters are losing too much money because of the new rules, not getting the crowds, and many promoters held on for years, but are unable to carry any further loses................A time when Governments are less likely to pour in funds, as always B... [Read more]