Bernie Ecclestone’s forty plus years involvement came to an end on Monday evening with the 86 year old confirming he has been ‘deposed’ as Formula One CEO by new owners Liberty Media.

Mr Ecclestone has been replaced by Chase Carey, the vice chairman of 21st Century Fox and led the Liberty Media takeover of Formula One. Speaking to Germany’s Auto Moto Und Sport, Mr Ecclestone stated:

This is official, I do not run the company any more.

Paddock Eye understands that under the management of Carey, Formula One will have two new executives, one for the commercial side of the sport, reportedly set to be Sean Bratches, the former executive of ESPN while Ross Brawn who helped Liberty Media understand the sport when they were bidding for it is expected to head up the sporting side of Formula One.

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