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Liberty completes F1 takeover; Bernie Ecclestone out as F1 CEO

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Bernie Ecclestone’s 40-year reign at the helm of Formula 1 has come to an end following the CEO’s resignation on Monday, the major bit of news on a day when Liberty Media has formally completed its acquisition of Formula 1.

Ecclestone, 86, played an instrumental role in building F1 into the global success it is today, forming the Formula One Constructors’ Association in 1974 and becoming its CEO.

Ecclestone has controlled the commercials rights to the series ever since, but his position came into question last fall when F1 was sold to American company Liberty Media. Liberty installed Chase Carey as F1’s new chairman, with Ecclestone staying on as CEO.

However, with Liberty’s takeover of F1 set to be completed by the end of the month, Ecclestone’s tenure as the sport’s ringmaster is set to end following his resignation as CEO. Carey is now formally confirmed as new Chairman and CEO of the sport.

“I was deposed today,” Ecclestone told Auto Motor und Sport. “This is official. I do not run the company anymore. My position has been taken over by Chase Carey.

“My new position is now such an American expression. A kind of honorary president. I’ll get this title without knowing what it means.

“My days in office are now somewhat calmer. Maybe I’ll come to a grand prix. I still have a lot of friends in the Formula 1. And I still have enough money to be able to afford a visit to a race.”

AMUS’ report was followed by an official statement from Liberty later Monday afternoon, confirming Ecclestone no longer served as F1’s CEO, and confirming Ecclestone as Chairman Emeritus of the sport.

“I’m proud of the business that I built over the last 40 years and all that I have achieved with Formula 1, and would like to thank all of the promoters, teams, sponsors and television companies that I have worked with,” Ecclestone said in a release. “I’m very pleased that the business has been acquired by Liberty and that it intends to invest in the future of F1. I am sure that Chase will execute his role in a way that will benefit the sport.”

Carey said, “I am excited to be taking on the additional role of CEO. F1 has huge potential with multiple untapped opportunities. I have enjoyed hearing from the fans, teams, FIA, promoters and sponsors on their ideas and hopes for the sport. We will work with all of these partners to enhance the racing experience and add new dimensions to the sport and we look forward to sharing these plans overtime.”

“I would like to recognize and thank Bernie for his leadership over the decades. The sport is what it is today because of him and the talented team of executives he has led, and he will always be part of the F1 family. Bernie’s role as Chairman Emeritus befits his tremendous contribution to the sport and I am grateful for his continued insight and guidance as we build F1 for long-term success and the enjoyment of all those involved.”

Greg Maffei, President and CEO of Liberty Media Corporation, added: “We are delighted to have completed the acquisition of F1 and that Chase will lead this business as CEO. There is an enormous opportunity to grow the sport, and we have every confidence that Chase, with his abilities and experience, is the right person to achieve this. I’d like to thank Bernie Ecclestone, who becomes Chairman Emeritus, for his tremendous success in building this remarkable global sport.”

Liberty confirmed within the release that the Liberty Media Group name will become the Formula One Group. Full formal details are linked here.

While not announced today, Liberty is reportedly set to bring in ex-ESPN marketing chief Sean Bratches in a commercial role, and ex-Ferrari and Benetton technical chief Ross Brawn has been linked with a sporting role to define the future roadmap for F1.

Liberty’s takeover is set to result in a number of changes for F1, with the United States being identified as a key market for the series to grow in.

Recently-appointed McLaren executive director Zak Brown said earlier this month that he believed Liberty would focus on putting fans first in a bid to boost its audience.

While Liberty’s exact plans for F1 moving forward remain unclear, the departure of Ecclestone as its ringmaster certainly signals the end of an era for the series.

NHRA shocker: John Force fails to qualify for first time since 2008, snaps 221-race streak

Photo and videos courtesy NHRA
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Sunday’s eliminations in the 31st annual NHRA SpringNationals at Royal Purple Raceway in suburban Houston  just won’t be the same without John Force.
In one of the most stunning turn of events seen in the last decade-plus in NHRA drag racing, the legendary 16-time Funny Car champion and the sport’s all-time winningest driver on Saturday failed to qualify for Sunday’s main event of the race weekend.
It marks the first time Force, who turns 69 on May 4, failed to qualify for a race since the Charlotte race in 2008, snapping a string of having made the eliminations in each of the subsequent and consecutive 221 races until failing to do so Saturday.
“That is hard for me,” Force said after failing to go any faster than 222.29 mph in the four qualifying rounds for the race, two on Friday and the other two on Saturday. “You earn what you get. We didn’t put it in the show. We couldn’t get to half-track.
“We have had a lot of problems all year. At least I got my final shot to get in and I didn’t make it. I will be here tomorrow rooting on Robert, Courtney and Brittany (teammates Robert Hight and daughters Courtney and Brittany Force). I’ll be signing autographs for all the fans.”

As for the other classes (information courtesy NHRA Media Relations):

Leah Pritchett set a new Top Fuel track record during the final qualifying session on Saturday to secure the top spot in Top Fuel heading into Sunday.
Hight (Funny Car) and Greg Anderson (Pro Stock) are also No. 1 qualifiers in their respective categories at the fifth of 24 events on the 2018 NHRA Mello Yello Drag Racing Series schedule.
Defending event champion Pritchett raced her Mopar Dodge dragster to a pass of 3.680-seconds at 326.00 mph. This is her first No. 1 qualifier of the season and eighth of her career.
“We’ve been developing our confidence the last couple of races,” Pritchett stated. “To be able to put it on the track is phenomenal. We know we need to be exceptional because our competition is exceptional.”
Pritchett will line up against Terry Brian in round one of eliminations on Sunday. Defending world champion Brittany Force locked-in the No. 2 spot after a 3.701 at 313.80 in her Monster Energy dragster. Tony Schumacher is seeded third and will face William Litton.
Hight’s final qualifying pass of 3.894 at 317.27 in his Auto Club of Southern California Chevrolet Camaro took him to the top of the Funny Car category. This is his first No. 1 qualifier of the season, second at Houston and 58th of his career.
“This is going to be a new ball game tomorrow,” Hight said. “With fresh asphalt and the sun being out; these cars are going to spin. It’s definitely going to be fun. Two of our Chevy’s are one and two (in Funny Car) which shows we have good combinations.”
Hight will face-off against Todd Simpson Sunday morning in the first round. Teammate Courtney Force sits in the No. 2 position with a pass of 3.911 at 295.14 in her Advance Auto Parts Chevrolet Camaro and two-time world champion Matt Hagan rounds out the top three.
Anderson, four-time Pro Stock world champion, remained atop the field Saturday with his pass of 6.492 at 213.00 in his Summit Racing Equipment Chevrolet Camaro from the first qualifying session on Friday. He notched his third consecutive No. 1 qualifier of the season and is seeking his first victory of the year.
“I haven’t had great Sunday’s yet,” Anderson stated. “I know I’m going to break through one of these days though. The weather is going to be great again tomorrow. I feel good about it, I’m excited and so far it’s just been a great weekend.”
Anderson will race Steve Graham in the first round of eliminations. Jeg Coughlin Jr. qualified in the No. 2 position with a pass of 6.504 at 212.36 in his JEGS.com/Elite Performance Chevrolet Camaro and Tanner Gray is third.
Eliminations at the NHRA SpringNationals begin at 11 a.m. on Sunday at Royal Purple Raceway.
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SUNDAY’S FIRST-ROUND PAIRINGS FOR ELIMINATIONS:
TOP FUEL: 1. Leah Pritchett, 3.680 seconds, 326.00 mph vs. 16. Terry Brian, 4.275, 284.62; 2.
Brittany Force, 3.701, 320.20 vs. 15. Terry Haddock, 4.081, 287.17; 3. Tony Schumacher, 3.703,
322.73 vs. 14. Bill Litton, 3.927, 306.60; 4. Billy Torrence, 3.737, 317.87 vs. 13. Kebin Kinsley, 3.819, 313.51; 5. Antron Brown, 3.740, 324.98 vs. 12. Terry McMillen, 3.783, 314.31; 6. Clay Millican, 3.746, 315.78 vs. 11. Mike Salinas, 3.766, 313.73; 7. Doug Kalitta, 3.748, 320.05 vs. 10. Richie Crampton, 3.766, 316.23; 8. Scott Palmer, 3.754, 318.17 vs. 9. Steve Torrence, 3.759, 313.88. Did Not Qualify: 17. Terry Totten, 4.636, 216.34.
FUNNY CAR: 1. Robert Hight, Chevy Camaro, 3.894, 317.27 vs. 16. Todd Simpson, Dodge Charger, 4.318, 288.33; 2. Courtney Force, Camaro, 3.911, 313.58 vs. 15. Jeff Diehl, Toyota Camry, 4.151, 283.49; 3. Matt Hagan, Charger, 3.913, 311.85 vs. 14. Ron Capps, Charger, 4.077, 305.77; 4. Jack Beckman, Charger, 3.918, 317.42 vs. 13. Richard Townsend, Camry, 4.026, 308.99; 5. Cruz Pedregon, Camry, 3.918, 301.94 vs. 12. Del Worsham, Camry, 4.017, 307.51; 6. Tim Wilkerson, Ford Mustang, 3.925, 311.41 vs. 11. Shawn Langdon, Camry, 3.994, 311.34; 7. Tommy Johnson Jr., Charger, 3.926,
313.00 vs. 10. J.R. Todd, Camry, 3.989, 313.37; 8. Jonnie Lindberg, Camry, 3.927, 316.52 vs. 9. Bob Tasca III, Mustang, 3.938, 314.09. Did Not Qualify: 17. Jim Campbell, 4.341, 273.05; 18. John Force, 4.625, 222.29.
PRO STOCK: 1. Greg Anderson, Chevy Camaro, 6.492, 213.00 vs. 16. Steve Graham, Camaro, 6.775, 205.60; 2. Jeg Coughlin, Camaro, 6.504, 212.36 vs. 15. Alan Prusiensky, Dodge Dart, 6.621, 208.65; 3. Tanner Gray, Camaro, 6.507, 211.99 vs. 14. John Gaydosh Jr, Chevrolet Camaro, 6.592, 210.93; 4. Vincent Nobile, Camaro, 6.513, 212.29 vs. 13. Erica Enders, Camaro, 6.548, 210.67; 5. Jason Line, Camaro, 6.518, 211.99 vs. 12. Rodger Brogdon, Camaro, 6.545, 210.50; 6. Chris McGaha, Camaro, 6.525, 212.79 vs. 11. Matt Hartford, Camaro, 6.532, 212.73; 7. Drew Skillman, Camaro, 6.527, 212.29 vs. 10. Bo Butner, Camaro, 6.532, 211.79; 8. Deric Kramer, Camaro, 6.528, 211.93 vs. 9. Alex Laughlin, Camaro, 6.530, 211.33.