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In The Pitlane: Chase Carey's F1 Report Card
It has now been officially confirmed Chase Carey will leave his role as chairman and CEO of F1 with former Ferrari team principal Stefano Domenicali replacing him at the helm. So, how has Carey performed in his role? Well, Liberty Media purchased F1 from CVC capital partners back in 2017 outbidding a consortium led by Stephen Ross, the Miami Dolphins owner, and the sovereign wealth fund of Qatar. This was Liberty’s second attempt at purchasing F1 after losing out to CVC in 2014. F1 was good for CVC but not F1 generally as under Bernie Ecclestone’s continued leadership or more accurately dictatorship CVC used F1 as an ATM taking an estimated $4.4-billion out through dividends and share...
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