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Formula 1 Boss Shuffle as Liberty Media Takes Over
Bernie Ecclestone Steps Down as F1 Leads the Way
Liberty Media announces completion of $8 billion Formula 1 takeover, replacing Bernie Ecclestone as boss. In a move that sets new horizons for the iconic sport, Chase Carey ascends to the role of Chief Executive Officer (CEO), securing the 86-year-old Ecclestone an honorary position as Emeritus Chairman and strategic advisor.
Quotable Moments:
"I'm proud of the business I've built in the last 40 years in F1, and of all my accomplishments in the sport." said Bernie Ecclestone in a Liberty Media press release, expressing gratitude to event organizers, teams, sponsors, and broadcast partners.
"I'm excited to take on the additional role of CEO. Formula 1 has immense potential and untapped opportunities," soared Chase Carey, showcasing his eagerness to contribute to the sport's growth.
New Faces, New Roles
Ross Brawn, the once-vital technical director of the successful Ferrari and BrawnGP teams, steps up to replace Ecclestone, assuming the position of General Manager for Motorsport. In addition, Sean Bratches, a former ESPN executive, is named Managing Director of Business Operations.
A New Direction
"It's great to be back in the world of Formula 1," Brawn shared, looking forward to joining Chase Carey and Sean Bratches to uplift the sport's trajectory.
Praise and Accolades
Former F1 World Champion Nico Rosberg congratulated and extended best wishes to the newly appointed CEO, hoping for a revitalized sport.
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Intriguing Facts:
- Ecclestone was famous for saying Formula 1 was "like skiing," an analogy that generated lively debates in the motorsport domain.
- Ross Brawn's tenure as a technical director for the Ferrari and BrawnGP teams led to a remarkable win at the 2009 Formula 1 championship.
- With a leadership stint spanning four decades, Ecclestone has left an indelible mark on the world of Formula 1.
