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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.

Newgarden looks to continue streak of success at Road America

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ELKHART LAKE, Wisconsin – There are several drivers in the NTT IndyCar Series whose skill sets seem to be a perfect match for the mammoth race course at Road America. Josef Newgarden is one of those drivers.

In the three years since IndyCar’s return to the 4.014-mile, 14-turn road course located in this lakeside resort region of Wisconsin, Newgarden has been a central part of the storyline.

In 2016, when he was driving for Ed Carpenter Racing, Newgarden was involved in a massive crash at Texas Motor Speedway with Conor Daly, suffering a broken hand and a broken clavicle. He had JR Hildebrand on standby to drive his car at Road America on Friday, but after he was cleared to return to the cockpit, Newgarden began his comeback on Saturday.

He was on a fast lap in his qualification group, but went into the Carousel portion of the course too fast and ended up qualifying 20th. Despite his injuries, Newgarden battled back to an eighth-place finish.

In 2017, his first season with Team Penske and a year when he would go on to win the NTT IndyCar Series championship, Newgarden started third and led 13 laps.

That was before a shootout with leading challenger Scott Dixon on a Lap 31 restart. Dixon hit the throttle at the green flag, raced Newgarden down the long front straight, and dove to the inside of Turn 1 to make what proved to be the race-winning pass.

Newgarden and Team Penske learned a valuable lesson, and made sure it wouldn’t happen again in 2018. Newgarden won the pole and led 53 laps in the 55-lap contest before fending off a strong challenge from Andretti Autosport’s Ryan Hunter-Reay to win the race.

Newgarden returns as the NTT IndyCar Series points leader and kicks off the second half of the season in the REV Group Grand Prix at Road America (Sunday, Noon ET on NBC).

He comes off his third win of the season on June 8 at the 1.5-mile Texas Motor Speedway. Road America, one of the classic road courses in the world, delivers a vastly different style of racing. But it does help to have some momentum on your side.

“Yes. I think we’ve had good momentum throughout the year,” Newgarden told NBCSports.com. “We’ve had some bobbles that can shake that, but we’ve been good at not letting a bobble shake our confidence. I feel really good about where we are at. This win at Texas was a good time to have it with everyone going into the break feeling pretty good about things and having a weekend off.

“We just need to pick back up now. We can’t slow down. It’s the second-half push for the championship. We have to stay on it now to the finish.”

There are nine races completed in the 2019 NTT IndyCar Series season, which leaves eight races remaining in the fight for the title. Newgarden has a 25-point lead over Alexander Rossi of Andretti Autosport and a 48-point lead over Team Penske teammate and Indianapolis 500 winner Simon Pagenaud.

The second half begins in the “Land of Bratwurst,” just a few miles from Johnsonville, Wisconsin, and at a track that thoroughly earns the reputation as “America’s National Monument of Road Courses.”

“I’m a big fan of Road America,” Newgarden said. “It’s one of our last ‘old school’ tracks in the world. It’s an ultimate IndyCar track. It has a little bit of everything. It’s tantalizing. If you make a mistake around Road America it penalizes you. I think drivers like that. You don’t want it easy. You don’t want a ton of runoff. It has great high-speed sections. Very classic corners. It’s very high commitment brake zones, quick, long straights so an Indy car can open its legs up a lot. It’s really what you think of when you go to a high-speed, IndyCar road course. And, it’s a beautiful backdrop. Elkhart Lake is a gorgeous part of the country, especially in the summer time when we go there.

“It’s a classic facility. One of my favorite tracks in the world.”

Newgarden also has high-praise for the Wisconsin race fans, who come out in the tens of thousands and start camping on Thursday and stay through the end of Sunday’s race, which regularly draws over 50,000 fans.

“There is tremendous support there,” Newgarden said. “The place seems full on race day. It adds to the ambience of the track. It’s pretty, even when nobody is there, but when you feel it up with all the people and the campers, it takes it to a different level. They really do come out and support it. They are very knowledgeable people to our series and what is going on. I think the drivers appreciate that. They know what is going on all year.”

From a driver’s standpoint, this race is fairly straightforward, strategy-wise. According to Newgarden, the variance of strategy depends on who can go the longest on one tank of fuel. The normal fuel window is between Laps 11-15. If a driver dives into the pits early, then he’s committed to racing as hard as possible to build up a gap on the field in order to get in and out of the pits before the other drivers on a normal pit stop strategy.

“Fuel matters there and the longer you can run on a stint, it seems to help you. That is where you see the strategy difference,” Newgarden explained. “Overall, the general layout of pit stops is pretty straightforward in that race. Unless an oddball yellow comes out, if you are running out front, that is the strategy you can going to run.

“We have conversations before the race what we are trying to do. There are different points where you need to be pushing and are flat-out and not worried about fuel and other points where you need to be saving as much as you can. There is always a fine-line. You are generally always trying to save some fuel by going as fast as possible, which is a very conflicting thought process, but that’s what we are always trying to do.

“It really depends on how the race flows. At Road America, when the yellows fall, that will dictate what we are doing, and I will get feedback from the pit. It’s all relative. It depends on whether I’m in the front or in the back. If I’m up front and the yellow falls at a weird time, they will let me know what other people are doing and if that changes our game. If it does, then I will adjust what I’m doing.

“It’s always a moving target, but you try to plan this stuff out. If it’s a green race all the way through, here is the plan and if the yellows fly, then this is what we are going to do. We try to plan all of that out before the race starts and stuff starts happening, you know how to react.”

Newgarden has learned from his mistakes at Road America and that is one reason why he is once again a major threat to win this race. Despite his broken hand and broken clavicle in 2016, his eighth-place finish was in many ways a victory.

“It was a very good weekend in a lot of ways,” Newgarden recalled. “Just getting back out on the track and not lose ground in the championship as very important to me. I was very satisfied we were able to do that. It took a lot of support and help, and everyone pitched in to get it done. I was a little bit disappointed. I think we had a much faster car than eighth place in 2016. I made a mistake in qualifying. I pushed wide in the Carousel and it put us 20th. We could have probably started in the top five in that race and had a shot at the podium and maybe a win there. If anything, I was disappointed at where we qualified and where there that put us.

“But it was a great recovery. It was a great weekend overall. Getting a top-10 was really a win in a lot of ways. I think there was more to be had that weekend, though.”

In 2017, he was ready to challenge for the victory, but was a victim of bad timing.

“We got nipped by that yellow at the wrong point,” Newgarden explained. “We were on the wrong tire. Right as we came out of the pits on the Black tires, Scott came out on new Reds. It was a yellow when we didn’t need it. To get the tires up to temperature for the restart was really our challenge in that race. Ultimately, it did us in, in Turn 1. We didn’t get a great launch off the final corner, Scott dragged alongside and completely the pass in Turn 1.

“We didn’t make that mistake last year, tire-wise, when the yellow came out at the end of the race and had a shootout.”

His win last year gave off the image of having the field under his control. But the driver pointed out it wasn’t as easy as it looked.

“That was actually a very tough drive,” Newgarden recalled. “I wish that drive was a lot easier than it was, but it was very difficult to keep Ryan Hunter-Reay behind us last year. He was really the guy hounding us the whole race and had a lot of pace, probably more pace than us in different parts of that race. Trying to keep him at bay and doing what we needed to do to get in the right window, it was not an easy drive. If it was an easy drive, we would have sprinted off into the distance a little more. We really had to work hard to hit our windows and make sure Ryan stayed behind us.

“It was a tough day; it was a long day. We had to do a lot or work to run that whole race. We had a very consistent race car. It was very predictable and easy to drive. I had the speed and the car underneath me so that I could manage the situation.”

The ability to manage the situation is a great quality to have for any driver in the NTT IndyCar Series. In Newgarden’s case, it may be the key ingredient to winning a second IndyCar championship.