Under the takeover, Carey is brought in as chairman.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
New chairman Chase Carey said Formula One cannot continue as a "dictatorship," as speculation grows over the role of long-term supremo Bernie Ecclestone under the sport's incoming American owners.Ecclestone has built Formula One into a global powerhouse over the past four decades but Carey said U.S. mogul John Malone's Liberty Media now wanted to take it to new heights.Under the takeover, which values Formula One at $8 billion, flamboyant deal-maker Ecclestone remains as chief executive with Carey brought in as chairman.Carey said Liberty would try to develop Formula One's penetration of the United States, the Americas and Asia, while developing the sport's European heartland and working hard on its digital platforms.
FOLLOW THIS ARTICLE