Skip to content
Subscriber Only

New Formula One Boss Frowns on Ecclestone’s Far-Flung Dealmaking

  • Race Circuit Moves On From ‘Deal a Day’ Push Into New Markets
  • Liberty Media closes $4.4 Billion Deal; Ecclestone Steps Down
Chase Carey, left, walks with Bernie Ecclestone on Sept. 16, 2016 in Singapore.

Chase Carey, left, walks with Bernie Ecclestone on Sept. 16, 2016 in Singapore.

Photographer: Lars Baron/Getty Images
Updated on

The days of Formula One taking millions from deep-pocketed nations with little history in auto racing to stage Grand Prix events may be over. New owner Liberty Media Corp. wants to end a “deal of the day” mentality to focus on key markets, including the U.S. and Europe.

So says Chase Carey, who this week was named Formula One’s chief executive officer, taking over from Bernie Ecclestone, the 86-year-old billionaire who ran the sport for four decades.