It is already known all over the world that Liberty Media is now the new owners of Formula One. The new Formula One owners Liberty media may have made a mistake in ousting commercial supremo Bernie Ecclestone immediately after completing their takeover of the sport, according to former FIA president Max Mosley.
Ecclestone, 86, was replaced by American Chase Carey on Jan. 23 as chief executive of Formula One and appointed ‘Emeritus Chairman’ – a position without a clearly defined role for the Briton. Liberty has, however, said they hope Ecclestone will continue to offer advice to the board. Mosley shared with Reuters, “If it had been me in the case of Liberty, I’d have kept Bernie on to do the things that he’s superbly good at – such as dealing with the promoters and the organisers and all that side of it,” g the things that up to now have not been done” in Formula One such as virtual reality and digital technology.
“But of course they bought a business and are fully entitled to come in and think they can run the whole business better and we’ll just have to see what happens,” added the 76-year-old, speaking at F1’s annual Zoom charity auction on Friday night.
Mosley, who stood down as president of the International Automobile Federation in 2009, cautioned against too much rapid change in the sport.
Liberty has spoken about increasing the number of grand prix, particularly in the Americas, changing the weekend format and giving every round of the championship the ‘Super Bowl’ treatment.
Carey, who has appointed former ESPN executive Sean Bratches to run the commercial side with former Mercedes principal Ross Brawn overseeing motorsport matters, has spoken of F1 being like ’21 Super Bowls’ in a season.
“You’ve always got to be careful; if it ain’t broke don’t fix it. But they are fully aware of that,” said Mosley.
“They (Liberty) are serious business people. Whether they can deal with everything better than they could have dealt with it using Bernie for the things he’s good at, and then doing the things that they know about, is an open question. We shall see.”
