Bernie Ecclestone, CEO of Formula 1 being the figure behind the popularity of sports car racing, can resign from his position this week. This was disclosed by sources close to Ecclestone told BBC Sport.
Ecclestone is currently still on holiday at a ski resort. Senior officials in the team Formula 1 Management estimates that, if the resignation Ecclestone does not happen this week there will be a maximum of one month to the next.
Ecclestone own resignation coincided with the completion of the acquisition of Formula 1 by the giant US company, Liberty Media.
In September, Ecclestone said he had asked for the last three years as boss of F1. But the news wafts Liberty Media would like to do a complete overhaul so that Ecclestone is believed to be knocked out.
Liberty Media has also prepared Chase Carey, a former high-ranking executive 21st Century Fox, to occupy the post that will be left Ecclestone.
Former Ferrari technical director and former Mercedes Team Principal, Ross Brawn, estimated to have had a role in a relationship with Formula 1 teams in the technical aspects and everything related to the race.
Meanwhile, Sean Bratches who had been chief executive of the sports media ESPN, will control the commercial side, including aspects of marketing, broadcast rights, and also cooperation links.
Authorities permitted Racing
In the last week, the authority of the world racing (FIA) has approved the acquisition of F1 racing event by Liberty Media for US $ 8 billion. Approval from the FIA before being the only obstacle Liberty Media to complete the acquisition process.
This is a transaction with a value of world sport.
This acquisition makes Liberty Media have full control at the race event is very beneficial and is worth billions of dollars earned from broadcast rights and sponsorship.
At the same time, some of the teams and Formula 1 circuit also hosts suffering from financial problems.
Liberty Media, which will change its name to Formula 1 Group after the acquisition is completed, owns shares in several companies of sports and entertainment, including the United States League Baseball (MLB), Atlanta Braves, and Virgin Media.
Powerful merchants
Ecclestone's life story is an interesting story. The son of a fisherman, he left school at the age of 16 years and get revenue from selling motorcycle spare parts.
The approach in selling, still he held until today, make it have a chain of auto parts suppliers most in the United Kingdom --Compton & Ecclestone-- before she turned her attention to Formula 1.
The entrance of involvement in the world of F1 is to buy the Brabham team worth £ 100 thousand in 1972 - or the equivalent of US $ 1.65 million when converted into the present.
Enjoyed some success as a team boss, including bringing Nelson Piquet became world champion in 1981 and 1983, he sold the team it is priced 40 times the money he put out in the previous 15 years.
Ecclestone also be the head of Formula 1 Constructors Association (FOCA) in 1978.
Then there was a power struggle fight against Racing Federation International Automobile (FISA) and its president, Jean-Marie Balestre, with Ecclestone emerged as the winner among the FISA-FOCA war.
Since 1981, the FOCA has the right to negotiate television contracts for the Grand Prix. Since that time Ecclestone also be the mastermind for the sport.
From then on he changed the Formula 1 of the original which only favored sports enthusiasts race, becomes entertainment with the biggest audience.
Post a Comment