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Liberty Media completes F1 acquisition, clarifies Ecclestone role
Liberty Media has confirmed the completion of its takeover of Formula 1, and Bernie Ecclestone’s removal as CEO to a position of 'Chairman Emeritus'. As reported earlier, Liberty has appointed Chase Carey as Chief Executive Officer of F1 in Ecclestone’s place. This confirms the end of Ecclestone’s 40-year tenure at the head of F1, and Liberty’s statement said his new role means he “will be available as a source of advice for the board of F1”. Ecclestone said: “I'm proud of the business that I built over the last 40 years and all that I have achieved with Formula 1, and would like to thank all of the promoters, teams, sponsors and television companies that I have worked...
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9y ago from Motorsport.com
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