86 year old Bernie Ecclestone is out as head of Formula 1, replaced by Chase Carey
This is a major change. Bernie Ecclestone is no longer the head of Formula 1 after 40 years and his position will be taken by Chase Carey. Who is Chase Carey? An American executive who is a 21st Century Fox vice chairman and now takes the reigns at Formula 1.
Chase Carey wants to make Formula 1 races big events like the Super Bowl. Ecclestone had the following to say about the change:
Originally Posted by Ecclestone
Bernie Ecclestone has enough money to do whatever he wants and likely got plenty in the multi-billion dollar deal that resulted in Liberty Media taking control of Formula 1.
What will happen to Formula 1 now? Chase Carey says they will get a fresh start. He wants a bigger digital media presence. One area where Formula 1 can truly expand is in the United States. An American head will likely put an emphasis on doing exactly that.
We will see what changes this brings. It is the end of an era.