New F1 boss to 'rein in' Ecclestone - report

shares
comments
New F1 boss to 'rein in' Ecclestone - report
By: GMM
Dec 10, 2014, 6:07 AM

A source has reinforced reports Bernie Ecclestone could be 'reined in' by the incoming new F1 chairman.

Bernie Ecclestone
(L to R): Thomas Weber, Member of the Board of Management of Daimler AG with Donald Mackenzie, CVC Capital Partners Managing Partner, Co Head of Global Investments on the grid
(L to R): Peter Brabeck-Letmathe, Formula One Chairman with Pasquale Lattuneddu, of the FOM on the grid
Bernie Ecclestone
Bernie Ecclestone

Last week, the Financial Times (FT) reported that F1 supremo Ecclestone's long reign is under threat by former Diageo chief Paul Walsh, who is being lined up to take over from current chairman Peter Brabeck.

"Paul has been courted for nine months now," a source close to Walsh told Management Today.

The FT had claimed CVC chief Donald Mackenzie is behind the impending change because he wants "a more professional approach to the running of" the sport.

While Walsh is a candidate, 'he does not represent a threat' to the F1 supremo.

Christian Sylt

The source close to Walsh confirmed: "Paul would want to rein (Ecclestone) in to some extent from a good governance point of view" and would get "short tempered" if the 84-year-old didn't change his ways within a "few months".

But F1 business journalist Christian Sylt, who is known to be close to Ecclestone, insists that while Walsh is a candidate, "he does not represent a threat to" the F1 supremo.

"There is no sign that Ecclestone is slowing down but he turned 84 this year so will eventually have to let go of the wheel and the new chairman will have a say in who replaces him," he wrote in The Independent newspaper.

Next Formula 1 article
Mercedes 'surprised' by 2014 dominance

Previous article

Mercedes 'surprised' by 2014 dominance

Next article

Working in F1 'easier' than F3 - Verstappen

Working in F1 'easier' than F3 - Verstappen
Load comments

About this article

Series Formula 1
Drivers Bernie Ecclestone
Author GMM
Article type Breaking news