F1 News, Reports and Race Results

Carey faults Ecclestone for lack of vision for F1

Formula One Group CEO Chase Carey says that Bernie Ecclestone, the man he replaced at the helm of the sport, hindered F1's growth in the final years of his reign.

Liberty Media acquired Formula 1 following a £6.4 billion takeover last year with the ambition of taking Grand Prix racing into the digital age and re-energizing its marketing.

CEO Carey, flanked by sporting manager Ross Brawn and commercial manager Sean Bratches, has not overseen many changes since taking command but is resolute on defining a long-term vision for F1.

"Day-to-day I find a level of frustration,' Carey said.

"It was very much a sport that got into a habit of saying "no" too much. I want to be saying "yes" to a whole lot more.

"What is the value of having an idea if the answer to everything you want to do is "no"? All it does is create frustration.

'There are an array of things that weren't done that needed to be done. We felt it was a sport that for the last five or six years had really not been managed to its full potential or taken advantage of what was here.

"Bernie's style was divide and conquer - to keep everything very close - but we want it to be a spirit of partnership in that we compete on the track.

"The teams, the promoters, Formula One and the FIA all have a shared vision of where we want the sport to go and building it in a way that is healthy for everybody."

While Carey underlined the need for change, he also advocated a cautious approach, supported by a diligent decision process.

"We care more about where the sport is going to be three years from now than three months from now. Bernie was always very focused on the short term, and our focus is on building long-term value.

"Some of the decisions that were made needed to have a better process to think through. The current engine, for example, ended up being too complicated, too expensive, and lost some of the sound that added to the mystique of the sport.

"We will do things and some things take time - you are not going to have a new engine in two months because if you tried to do that you are going to do more harm than good.

"We want to make sure we have the tools to manage the business as opposed to throwing things out there so somebody has a media story."

GALLERY: Formula 1's girls and girlfriends

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

Recent Posts

Las Vegas GP: Thursday's action in pictures

The opening day of running at the Las Vegas GP was a smooth but chilly…

2 hours ago

Williams' headaches persist into Vegas practice

Williams is continuing to fight uphill battles this weekend in Las Vegas as a knock-on…

4 hours ago

Ferrari's Sainz 'not satisfied with where we are' in Vegas

It was a solid start to the Las Vegas weekend for Ferrari with Carlos Sainz…

5 hours ago

Norris labels McLaren long-run pace ‘shocking’ in chilly Vegas

Lando Norris didn’t hold back in his assessment of McLaren’s performance on the opening day…

6 hours ago

Hamilton delighted with ‘consistently strong day’ in Vegas

Lewis Hamilton was particularly happy with his opening day of running at the Las Vegas…

7 hours ago

Verstappen stuck with 'draggy' rear wing for Vegas

Red Bull fears that its prospects for this weekend's Las Vegas Grand Prix - which…

8 hours ago