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Ecclestone out as Liberty Media complete F1 takeover
Bernie Ecclestone was removed from his position as chief executive after Liberty Media completed its $8 billion takeover of Formula 1 on Monday evening. With the takeover confirmed, Liberty Media will change their name to the Formula 1 Group. Ecclestone had held the position for close to four decades, but will now be succeeded by F1 chairman Chase Carey. The 86-year-old will now serve as chairman emeritus and act as an adviser to the board. On Monday, Ecclestone claimed that he had been “forced out”. “I was dismissed today. This is official. I no longer run the company. My position has been taken by Chase Carey,” he told Auto Motor und Sport. But, Liberty Media’s statement about...
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8y ago from PlanetF1.com
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