Bernie Ecclestone is out as CEO of Formula 1. I repeat, Bernie Ecclestone is out as CEO of F1. Ecclestone’s role in F1 is likely to be replaced by 2 men. Chase Carey will carry the CEO mantle going forward while former ESPN executive Sean Bratches will oversee F1’s commercial side.
“I was deposed today,” Ecclestone told Auto Motor und Sport. “I am simply gone. It’s official. I am no longer the leader of the company. My position has been taken by Chase Carey. My new position is one of those American terms. It’s something like an honorary president. I have this title now, even though I don’t know what it means.”
Classic Bernie, he’s going down swinging. Lets start with the language he uses. The word depose is literally defined as: to remove from office suddenly and forcefully. Synonyms include overthrow, unseat and dethrone. So literally in his first sentence Bernie has compared himself to a King, and his removal as a forceful coup. I can not confirm this but I’m fairly certain Formula 1’s new owners, Liberty Media do not have their own private military. Nor did they storm Bernie’s home and demand he step down at gun point.
It is unclear at this point what role Ecclestone will have within Formula 1, however it is likely he will lose his seat on the FIA World Council. While I for one will not mourn the loss of Ecclestone, there is uncertainty moving forward. 2017 will mark the first time in 40+ years that Bernie Ecclestone has not been the man in charge of F1. Personally I think it is a move in a positive direction but only time will tell.