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Ecclestone made Formula One a global business - Rediff Sports

B ernie Ecclestone s eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner but a bribery trial threatens to end his long reign as the head of the By Alan Baldwin and Keith Weir LONDON Reuters - Bernie Ecclestone s eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner but a bribery trial By Alan Baldwin and Keith Weir LONDON Reuters - Bernie Ecclestone s eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner but a bribery trial threatens to end his long reign as the head of the business. Ecclestone who is 83 has been ordered to stand trial in Germany in a case relating to the sale of a stake in Formula One in 2005-06.Ecclestone has been a regular critic of the BRDC and Silverstone over plans to refurbish the former World War Two airfield that hosted the first Formula One Grand Prix in 1950.LONDON Reuters - Bernie Ecclestone s eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner but a bribery trial threatens to end his long reign as

Ecclestone who has built Formula One into a global money spinner over the past four decades has always shunned talk of retirement but is now 83 and is facing legal challenges relating to a 2005 Formula One Chief Executive Bernie Ecclestone arrives at the High Court in central London in this November 6 2013 file photo. REUTERS Olivia Harris filesBernie Ecclestone has had the hauntingly echoing theme tune from The Good the Bad and the Ugly as the ringtone on his mobile phone for some years now.. Ennio Morricone s score for the classic Bernie Ecclestone is credited with transforming Formula One into a global billion-dollar business with races in all corners of the world but like many organizations the sport he helped create It is now the world s most-watched annual sports series and in 2011 income from TV rights hit 488.9 million. Countries are lining up to host a Grand Prix but Ecclestone cannot simply add more

Formula One is the most technologically advanced competitive and dangerous auto racing in the world. Formula One cars are designed and built to the limits of technology. Unlike most racing categories Formula One isn t just about competition between the drivers. It s about the rivalry between the cars too. It is also the third-largest sporting event Formula One could have new owners by the end of the year with three parties currently interested the sport s commercial supremo Bernie Ecclestone said on Tuesday. Our shareholders at the moment LONDON Jan 16 Bernie Ecclestone s eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner but a bribery trial threatens to end his long reign as the head of the business. Ecclestone who is 83 has been ordered to stand trial in GermanyCVC sold down its holding from 63 percent in 2012 in deals that at the time gave the business an enterprise value which includes debt and equity of 9.1 billion. Ecclestone told Reuters separately in July that lots of people have made approaches and indicated he too might be interested in a takeover or buyout.Bernie Ecclestone started out as a simple second-hand car salesman and went on to transform Formula One into one of the most profitable sports in the world. A new chapter dawned for the sport and

Bernie Ecclestone s eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner but a bribery trial threatens to end his long reign as the head of the The Formula One world championship once predominantly European is becoming increasingly global. The glamour sport breaks new ground this year travelling to Bahrain for the first race in the Middle East and bringing the world s most populous nation on board with a long-awaited Chinese Grand Prix.Formula One recorded total revenue of 1.7 billion for the year ended Dec. 31 2015 with the majority primary revenue derived from race promotion broadcasting and sponsorship arrangements.But after Lewis-Evans died at the Moroccan Grand Prix in 1958 Ecclestone quit Formula One.He returned in the late 1960s to manage Jochen Rindt but tragedy again struck when the Austrian driver By Alan Baldwin and Keith Weir LONDON Reuters - Bernie Ecclestone s eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner but a bribery trial threatens to end his long reign as the head of the business. Ecclestone who is 83 has been ordered to stand trial in Germany in a case relating to the sale of a stake in Formula One in 2005-06.

Formula One could have new owners by the end of the year with three parties currently interested the sport s commercial supremo Bernie Ecclestone said on Tuesday. Our shareholders at the moment are basically in such a position where they have to lose some of their shares or all of them shortly the 84-year-old Briton told a Camp Beckenbauer Global Summit in Kitzbuehel Austria in a GPWC Holdings which groups the major Formula One carmakers has appointed consultants to prepare the ground for the introduction of a rival grand prix series in 2008. GPWC said on Tuesday that International Sports and Entertainment AG would start building immediately the operational and commercial structure for a new open-wheel motor racing Business-critical deals data and analysis for anyone buying and selling media rights. Our service powered by the TV Sports Markets team is the most trusted and independent source of media rights values and deals globally in one online platform.Formula One chief executive Bernie Ecclestone has said that a decision over a future make-up for the motor racing series involving a 24-car grid with a number of teams running third cars is likely to be made by the middle of October.Bernie Ecclestone is set to make a quick 29 million 23 million pounds from Liberty Media s takeover of Formula One after being deposed as the sport s commercial supremo this week. Liberty

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