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Bernie Ecclestone steps down as F1 CEO
Formula 1’s first man Bernie Ecclestone lost his position as the CEO of the Formula One Group as the new shareholder Liberty Media completed the last transaction in its take-over process from former owner CVC Capitals. The acquisition by the US media company Liberty Media of the Formula One racing business has already indicated a new era for the sport in its early phase, but today marks the first sweeping change of the take-over process. F1 ‘supremo’ Bernie Ecclestone who has controlled the commercial rights of the Formula One Group had to step back and give up his position as CEO. 'I am simply gone. It's official. I am no longer the leader of the company. My position has been taken...
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8y ago from F1Technical.net
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