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Chase Carey has hit back at his predecessor Bernie Ecclestone following comments made in Bahrain last weekend. While attending his first race since being ousted as F1 supremo, Ecclestone admitted he "charged too much" to race hosts in the past.
"Sooner or later I'm frightened that the governments behind them will say enough is enough, and bye bye," said the 86-year-old. That was not music to the ears of American Carey, who in the wake of the Liberty Media takeover is now Ecclestone's successor as F1 chief executive.
Carey blamed Ecclestone for not doing enough to deliver value to the high-paying promoters. "(Fees) were agreements between two parties that valued the franchise how it was valued," he told the Financial Times.
"Nobody was tricked, but has F1 invested in the right way to support the events? It's not that the deal is overpriced, it's more 'Did we deliver where we should deliver?'" Carey added. "(Ecclestone) managed for short term profits, we are managing for long term value." (GMM)
Grand Prix of BelgiumLocal time
Grand Prix of BelgiumLocal time
Bahrain International Circuit - Winter testing
M. Verstappen
C. Sainz jr
C. Leclerc
Bahrain
Bahrain
Bahrain International Circuit
Bahrain
Bahrain International Circuit
Saudi Arabia
Jeddah Street Circuit
Australia
Albert Park
Japan
Circuit Suzuka
United States of America
Miami International Autodrome
Monaco
Monte Carlo
Canada
Gilles Villeneuve
Spain
Circuit de Catalunya
Austria
Red Bull Ring
United Kingdom
Silverstone
Hungary
Hungaroring
Belgium
Spa-Francorchamps
Netherlands
Circuit Zandvoort
Italy
Monza
Azerbaijan
Baku City Circuit
Singapore
Marina Bay Street Circuit
United States of America
Circuit of the Americas
Mexico
Autodromo Hermanos Rodriguez
Brazil
Interlagos
United States of America
Las Vegas Street Circuit
United Arab Emirates
Yas Marina Circuit
Replies (1)
Login to replyf1dave
Posts: 782
Bernie has changed his tune since he may be buying Interlagos. I could see this coming.