Site logo

Carey critical of Ecclestone's management of F1

NEWS STORY
21/06/2017

Since taking over as F1 supremo in January, following Liberty Media's purchase of Formula One, Chase Carey has not missed a single opportunity to make clear his feelings about the previous management.

Paying particular attention to the lack of vision, Carey has consistently taken swipes at the way Bernie Ecclestone ran F1 on behalf of its (previous) majority owners, CVC.

Speaking at the FIA Sport Conference in Geneva, Carey insisted that under its previous management the sport was "underserved".

"This sport has been underserved by a perpetual, short-term, deal of the day focus and one that has lacked a strategy, vision and longer-term plan, and a willingness to invest," he said.

"The sport didn't have an organisation before," he continued. "Bernie, to his credit, was a one-man show with financial and legal support.

"One of the things we have done is put an organisation in place that can support the sport and we will have the key people in by August.

"Priority one for us is still to make the sport and the competition on the track as exciting and engaging as it possibly can be," he insisted. "Just the nature of what we do on the track, whether it's rules, engines, costs, take time.

"We've had meetings on what is the next generation engine, that engine isn't going to get implemented in three months but it doesn't mean we haven't had multiple meetings," he said.

Fact is, CVC was in F1 for one reason and one reason only, to make money, and when one considers the money the investment company made from the sport over the years and from the final sale, Ecclestone certainly did his job as far as they were concerned.

Despite the talk, Liberty Media has bought F1 for the same reason, to make money, not least to pay off the numerous loans it took on in order to buy the sport.

While the sport has seen some positive changes in the opening months, the bigger issues are ahead; such matters as coming up with a set of rules that will please everyone while also calling on the bigger teams not only to accept less money but see it handed to the opposition in order that the smaller teams can more successfully challenge them.

Keeping all the teams in check, listening to the threats and then finding a solution acceptable to most - if not all - is the real challenge, and one for which Ecclestone's dictatorial attitude was best suited.

In the short term, with the British Racing Drivers' Club just weeks away from the deadline by which time it must decide whether to exercise the clause in its contract which effectively sees no British Grand Prix at Silverstone after 2019, Carey and his team will have the opportunity to demonstrate just how serious they are about the balancing act that is making a profit while keeping all and sundry on board and happy.

LATEST NEWS

more news >

RELATED ARTICLES

LATEST IMAGES

galleries >

  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images
  • Pitpass.com latest F1/Formula 1 images

POST A COMMENT

or Register for a Pitpass ID to have your say

Please note that all posts are reactively moderated and must adhere to the site's posting rules and etiquette.

Post your comment

READERS COMMENTS

 

1. Posted by Spindoctor, 22/06/2017 14:46

"Uncharacteristically I find myself almost wanting to defend poor old Bernie......But not quite.

The crux is that Bernie has a record and the New Boys do not. That record is very much a curate's egg - good in parts (mainly in early days), with serious decline towards the end of his reign.

As my dear old grannie might have said "Fine words butter no parsnips", and F1 is currently awash with unbuttered veg.
"

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

2. Posted by p14b, 22/06/2017 9:40

"Yawn Yawn, This guy gets more irritating every time i see/hear him, Bernie was no angel we all know that!! but in the cut throat world of F1 where its all take with no give, Bernie was always 1 step ahead, shark fins would of been gone after 1 race, this guy hasn't even put all these people in place that he says need to run F1. I would also be very careful before kicking a already down Bernie! "it would take you 50yrs to learn 5% what Bernie has forgot". Liberty Media will soon have to choose between paying increasing bank interest charges or replacing this Fool Carey.
Sorry but F1 is now the Circus it was always destined to be now the Dictator has parted, and a fool has stepped in to the mist. "

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

3. Posted by oliver, 22/06/2017 4:17

"The next best step is also to have some American commentators for the TV coverage instead of Martin Brundle and Johnny Herbert. I can see a lot of positive in the new management of F1, This should have happened years ago."

Rating: Negative (-2)     Rate comment: Positive | NegativeReport this comment

4. Posted by mittagongcalling, 21/06/2017 23:42

"You have to wonder why someone would pay so much money for such a badly run business????"

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

5. Posted by mickl, 21/06/2017 17:02

"Only hot air is being heard at the moment from the new management as far as I'm concerned."

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

6. Posted by Ro, 21/06/2017 16:29

"CL, its not my negativity, its Chase Carey's negativity. As yet all he has done is blame everyone else. Time will tell, call me a cynic, but nothing has changed, nothing is being fixed."

Rating: Positive (1)     Rate comment: Positive | NegativeReport this comment

7. Posted by CL, 21/06/2017 12:59

"I don't think Bernie lacked vision, look what he managed to build over the years. But he was constrained in the end. CVC were the bad guys.

As for the new lot, its taking time, they have said both that it will take time and that they are in it fir the long term. Ro, your negativity doesn't really help."

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

8. Posted by Ro, 21/06/2017 10:02

"Old saying : dont throw stones if you live in a glass house....we are all watching and waiting to see how you mismanage F1....And I dont think it will be long in coming."

Rating: Neutral (0)     Rate comment: Positive | NegativeReport this comment

Share this page

X

Copyright © Pitpass 2002 - 2020. All rights reserved.

about us  |  advertise  |  contact  |  privacy & security  |  rss  |  terms