Bernie Ecclestone revealed it himself first, that he was no longer in charge of Formula One, but new bosses Liberty Media soon followed up with the confirmation – they have officially taken control of the sport and their first task was to replace Bernie. The 86 year old’s tenure at the top is over, and although he still has an honorary title within the new organisation, it looks as though his day to day dealings with the sport are over.
Ecclestone said: “I was deposed today, I am no longer the leader of the company. My days in the office will be getting quieter now. Maybe I will attend a grand prix sometime in the future.”
Meanwhile new boss Chase Carey doesn’t seem too taken with good corporate governance guidelines, taking on both the chairman and CEO role of the F1 group. He says: “I’d like to recognise and thank Bernie for his leadership over the decades. The sport is what it is today because of him and the talented team of executives he has led.”
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