Bernie Has Announced His Departure as Chief Exec.
Jan 23, 2017 20:25:34 GMT
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RyRy likes this
Post by LRW on Jan 23, 2017 20:25:34 GMT
Bernie is no longer chief exec of F1.
He is still going to be involved but not Day-to-day.
www.skysports.com/f1/news/12433/10740557/bernie-ecclestone-announces-he-is-no-longer-boss-of-formula-one
He is still going to be involved but not Day-to-day.
www.skysports.com/f1/news/12433/10740557/bernie-ecclestone-announces-he-is-no-longer-boss-of-formula-one
Bernie Ecclestone has confirmed to a German magazine that his long reign as the boss of Formula One is over.
The 86-year-old's position as the sport's chief executive has been in doubt since the sale of its commercial rights to Liberty Media was approved by the FIA last week.
Quotes attributed to Ecclestone, published by German magazine Auto, Motor and Sport, suggest the incoming owners have already made a decision.
"I was deposed today," he said. "This is official, I do not run the company any more."
Ecclestone also told the magazine his new role will be as "a kind of honorary president", but the news means the everyday running of the sport is no longer his remit.
Sky Sports' F1 reporter Craig Slater told Sky Sports News HQ: "We have heard this evening that he's going to step away from the day-to-day management.
"Whether he steps away altogether is a different matter and something which will become clear over the next few days.
"He has spoken about taking on a role of life president or something, so it may well be that Liberty - who I understood to have quite cordial relations with Mr Ecclestone - can still tap into his expertise and use him as a consultant in the coming months and years as they take on full running of the sport."
The 86-year-old's position as the sport's chief executive has been in doubt since the sale of its commercial rights to Liberty Media was approved by the FIA last week.
Quotes attributed to Ecclestone, published by German magazine Auto, Motor and Sport, suggest the incoming owners have already made a decision.
"I was deposed today," he said. "This is official, I do not run the company any more."
Ecclestone also told the magazine his new role will be as "a kind of honorary president", but the news means the everyday running of the sport is no longer his remit.
Sky Sports' F1 reporter Craig Slater told Sky Sports News HQ: "We have heard this evening that he's going to step away from the day-to-day management.
"Whether he steps away altogether is a different matter and something which will become clear over the next few days.
"He has spoken about taking on a role of life president or something, so it may well be that Liberty - who I understood to have quite cordial relations with Mr Ecclestone - can still tap into his expertise and use him as a consultant in the coming months and years as they take on full running of the sport."
