Bernie Ecclestone removed as Liberty Media completes $8bn takeover

January 29 2017 , 12:00 am

Bernie has been involved with F1 since the 1950s

Ecclestone, 86, who has been in charge for nearly 40 years, has been appointed chairman emeritus and will act as an adviser to the board.

Chase Carey has had Ecclestone’s former role of chief executive officer added to his existing position of chairman.

Liberty has also brought ex-Mercedes team boss Ross Brawn back to F1.

The former Ferrari technical director, who had been acting as a consultant to Liberty, has been appointed to lead the sporting and technical side of F1.

Ecclestone said earlier on Monday he had been “forced out”.

Ecclestone, 86, who has been in charge for nearly 40 years, has been appointed chairman emeritus and will act as an adviser to the board.

Chase Carey has had Ecclestone’s former role of chief executive officer added to his existing position of chairman.

Liberty has also brought ex-Mercedes team boss Ross Brawn back to F1.

The former Ferrari technical director, who had been acting as a consultant to Liberty, has been appointed to lead the sporting and technical side of F1.

Ecclestone said earlier on Monday he had been “forced out”.

He told Germany’s Auto Motor und Sport: “I was dismissed. This is official. I no longer run the company. My position has been taken by Chase Carey.”

Liberty began its takeover of the sport in September and earlier in January cleared the last two regulatory hurdles.

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