F1's lack of growth prompted Liberty to oust Bernie Ecclestone

Formula 1's new CEO Chase Carey says the championship's lack of growth in the last five years prompted Liberty Media's decision to install new management

F1's lack of growth prompted Liberty to oust Bernie Ecclestone

Liberty completed its takeover of F1 on Monday evening, with Bernie Ecclestone ousted as CEO with immediate effect.

Former Mercedes team principal Ross Brawn and former ESPN man Sean Bratches have been brought in with sporting and commercial roles respectively, which Carey says is aimed at rejuvenating F1 after a relatively stagnant period.

"We felt that really particularly over the past four or five years the business had not grown, the sport had not grown, to its full potential," Carey told Sky Sports News in his first interview as boss.

"We needed to put a new organisation in place to be able to grow the sport in today's world in the way it needs to grow, and work with the partners we have in the business to make sure we can make the sport everything it can and should be for its fans.

"I think both Sean and Ross will have critically important roles in developing the sport overall."

Carey says his new colleagues in F1 management bring different strengths to the table for Liberty, particularly Brawn on the sporting side.

"It's a great sport today. The drivers are iconic stars, its cars combine power and technology in a way that truly amazes people," he said.

"But we need to continue to improve the sport on the track.

"And Ross understands as much as anybody how the sport works.

"His real focus is how do we make the sport on the track everything it can and should be."

RESPECT FOR ECCLESTONE 'SINCERE'

Carey says his appreciation of his predecessor Ecclestone is "sincere".

Ecclestone has been given the chairman emeritus title, which he announced before Liberty's confirmation, but he will have no hands-on involvement.

"Let me be clear, that respect was sincere," Carey said.

"Bernie deserves enormous credit for the business that's been built over the last number of decades, and realistically it just got sold for $8billion, so the ultimate proof in the value he created is there for all to see.

"He has unique insights into the business, he understands it probably better than anybody else, and I think his advice will be invaluable.

"He's been helpful to me to date, I look forward to his advice as we go forward."

Carey acknowledged the 86-year-old may struggle to adjust to his new position.

"Bernie has run this business for the majority of his adult life," he said.

"I certainly understand that change is going to be difficult for him, and create challenges for him.

"He'll always be part of the F1 family, he'll always be welcome, and I want to try and make this something that he can continue to feel part of."

shares
comments
Is Bernie Ecclestone a hero or a villain?

Previous article

Is Bernie Ecclestone a hero or a villain?

Next article

Formula 1's 2017 changes just 'window dressing' - Red Bull's Horner

Formula 1's 2017 changes just 'window dressing' - Red Bull's Horner
Load comments
Why Mercedes is pleased to be in the Hungary hunt at a 'Red Bull track' Plus

Why Mercedes is pleased to be in the Hungary hunt at a 'Red Bull track'

Mercedes ended Friday practice at the Hungaroring with a clear gap to Red Bull thanks to Valtteri Bottas’s pace in topping FP2. But there are other reasons why the Black Arrows squad feels satisfied with its progress so far at a track many Formula 1 observers reckon favours Red Bull overall

How Red Bull endured its second car crash in two weeks Plus

How Red Bull endured its second car crash in two weeks

OPINION: Red Bull was justified to be upset that Lewis Hamilton survived his British GP clash with Max Verstappen and went on to win. But its attempts to lobby the FIA to reconsider the severity of Hamilton's in-race penalty were always likely to backfire, and have only succeeded in creating a PR disaster that will distract from its on-track efforts

The ‘screaming’ F1 engine future that may not be out of reach Plus

The ‘screaming’ F1 engine future that may not be out of reach

OPINION: It wasn't just the Verstappen/Hamilton clash that had the Red Bull and Mercedes bosses at loggerheads at Silverstone, with the nature of Formula 1's 2025 engines also subject for disagreement. But hopes to have loud, emotive engines that are also environmentally friendly don't have to be opposed

Formula 1
Jul 29, 2021
The drivers that need to strike gold before F1's summer break Plus

The drivers that need to strike gold before F1's summer break

OPINION: Formula 1 is about to break up for summer 2021, with the title battles finely poised. But it’s not just the latest round of Max Verstappen vs Lewis Hamilton that will be worth watching this weekend in Hungary, as plenty of drivers are eying big results to change the stories of their seasons so far

Formula 1
Jul 28, 2021
How Lotus F1 uncovered, then squandered its last ‘unfair advantage’ Plus

How Lotus F1 uncovered, then squandered its last ‘unfair advantage’

Cast in the mould of its founder Colin Chapman, Lotus was powerful and daring but 
flawed – as it proved through further soaring peaks and painful troughs into the 1980s. DAMIEN SMITH examines a game-changing era

Formula 1
Jul 27, 2021
The core problems Yas Marina’s long-awaited tweaks won't address Plus

The core problems Yas Marina’s long-awaited tweaks won't address

OPINION: Changes to the layout of Abu Dhabi’s circuit aim to reverse the trend of insipid Formula 1 races there - the promoter has even described one of the new corners as “iconic”. And that, argues STUART CODLING, is one of this venue’s abiding failings

Formula 1
Jul 26, 2021
How Ferrari offered Britain's next F1 prospect what Red Bull couldn't Plus

How Ferrari offered Britain's next F1 prospect what Red Bull couldn't

Last year's Formula 2 runner-up Callum Ilott could be on his way to becoming the first Briton to contest a grand prix in an Alfa Romeo since Reg Parnell in 1950. But, says OLEG KARPOV, the Ferrari Driver Academy protege is having to temper his ambition at the moment – outwardly at least…

Formula 1
Jul 25, 2021
The signs that point to F1's rude health Plus

The signs that point to F1's rude health

OPINION: Formula 1's calendar might still be facing disruption as the pandemic affects travel but, says MARK GALLAGHER, the business itself is fundamentally strong thanks to the epic rivalry taking place on track and the consistent arrival of new sponsors

Formula 1
Jul 24, 2021