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Ecclestone forced by Liberty to resign from F1 boss position

Ecclestone forced by Liberty to resign from F1 boss position

Sports writing, Jan 23 (EFE) .- The Englishman Bernie Ecclestone has ceased to be the head of Formula One as of this Monday, according to the magazine ‘Auto, Motor und Sport’, which points out to the interested party, who will be relieved by the American Chase Carey, as a source of the news.
«Today I have been dismissed. I am simply out. It’s official. I no longer run the company. My position has been taken over by Chase Carey, “Ecclestone told ‘Auto Motor und Sport’ after being relieved by the president of the American consortium Liberty Media, which took over the commercial rights to the Formula One World Championship on Tuesday 17 January. A day before the World Motor Sport Council of the FIA ​​(International Automobile Federation) announced that it had unanimously approved, during a meeting in Geneva, the sale.
“Liberty, the Formula One Group and the FIA ​​wish to collaborate in creating a constructive working relationship that will ensure the continued success and long-term development of the Formula One World Championship,” the FIA ​​said in a statement on Wednesday.
“The decision of the World Motor Sport Council confirms the FIA’s belief that Liberty, as a renowned media organization with experience in both sport and entertainment, is in a position to continue the development of its premier championship. The FIA ​​is looking forward to working with the new owners to continue to develop a global and unparalleled spectacle that, for all shareholders, is the Formula One World Championship, ”added the statement from the International Federation.
Ecclestone, 86, told the aforementioned magazine on Monday that he will not completely leave Formula One, a sport, business and entertainment that he has directed for the last forty years. Apparently, Liberty has offered him the honorary presidency of F1 after being relieved of the position by Carey, 68.
My new position is an American expression. A kind of honorary presidency. I use this title without even knowing what it means, ‘Ecclestone explained to’ Auto, Motor und Sport ‘. EFE

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