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Bernie Ecclestone The latest Formula 1 news about Bernie Ecclestone

Bernard Charles Ecclestone has had a storied career in motorsport and is rightly regarded as the man who made F1 what it is today. The Brit was replaced from his position of chief executive of the Formula One Group in 2016 when Liberty Media took over the commercial rights to the sport. Worth an estimated $3.2 billion, Ecclestone has certainly done well for himself.

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Michael Schumacher contract saga erupts at Monza after rival swoop
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Bernie Ecclestone arrested for second illegal firearms incident
Bernie Ecclestone hails Max Verstappen as 'real reason' for historic F1 return
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Bernie Ecclestone hails Max Verstappen as 'real reason' for historic F1 return
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F1 boss proposes outrageous ballot idea to fix qualifying - On This Day
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F1 boss proposes outrageous ballot idea to fix qualifying - On This Day
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Former F1 supremo urged Christian Horner to force shock Ferrari move
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Bernie Ecclestone offers strong defence of FIA president: 'He's not in it for himself'
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Bernie Ecclestone, F1, and FIA granted appeal in £64 million Felipe Massa court case
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Bernie Ecclestone issues 'watch out' warning as sharp u-turn made
Former F1 boss echoes Max Verstappen concerns with 'danger' warning
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Former F1 boss echoes Max Verstappen concerns with 'danger' warning
Max Verstappen and Red Bull take centre stage on Bernie Ecclestone's Christmas card
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Max Verstappen and Red Bull take centre stage on Bernie Ecclestone's Christmas card
Felipe Massa discovers verdict in £64 million Bernie Ecclestone court case
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Felipe Massa discovers verdict in £64 million Bernie Ecclestone court case
Fred Vasseur handed scathing 'too weak' criticism by Bernie Ecclestone
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Fred Vasseur handed scathing 'too weak' criticism by Bernie Ecclestone
Felipe Massa receives fierce criticism over £60 million lawsuit as judge decision looms
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Felipe Massa receives fierce criticism over £60 million lawsuit as judge decision looms
Felipe Massa fires staggering Ferrari claim over Fernando Alonso
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Felipe Massa fires staggering Ferrari claim over Fernando Alonso
Bernie Ecclestone 'conspiracy' under scrutiny in ongoing Felipe Massa court case
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Bernie Ecclestone 'conspiracy' under scrutiny in ongoing Felipe Massa court case
Interview
Lucas di Grassi reveals staggering 'Crashgate' impact: 'It damaged my career'
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Lucas di Grassi reveals staggering 'Crashgate' impact: 'It damaged my career'
Felipe Massa sharply criticised as Bernie Ecclestone rubbishes 2008 title court case
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Felipe Massa sharply criticised as Bernie Ecclestone rubbishes 2008 title court case
Felipe Massa trial to begin as Bernie Ecclestone, F1 and FIA named as defendants
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Felipe Massa trial to begin as Bernie Ecclestone, F1 and FIA named as defendants
Former F1 boss responds as Felipe Massa pushes forward with $82 million lawsuit
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Former F1 boss responds as Felipe Massa pushes forward with $82 million lawsuit
Felipe Massa seeking $82 million as 'Crashgate' lawsuit court appearance nears
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Felipe Massa seeking $82 million as 'Crashgate' lawsuit court appearance nears

Ecclestone started his career trading spare motorcycle parts. He would also contest several Formula 3 events, though he would not win anything noteworthy. Ecclestone stepped away from the cockpit to focus on his business interests and began managing drivers, the first of whom was Englishman Stuart Lewis-Evans. Lewis-Evans however would pass away from burns sustained at the 1958 Moroccan Grand Prix and Ecclestone would leave motorsport.

He returned to manage Jochen Rindt, who would become F1’s only posthumous champion after he crashed at the 1970 Italian Grand Prix.

Ecclestone would then purchase a stake in the Brabham team, though he eventually owned the team outright after the departure of Ron Tauranac in 1972. Brabham would go on to win two drivers’ titles with Nelson Piquet in 1981 and 1983 before Ecclestone sold the team in 1988 for over $5 million.

In conjunction with running the Brabham team, Ecclestone also began making a series of shrewd political moves, which would eventually give him authority in negotiating television rights for grand prix events. With Max Mosely at his side, Ecclestone was able to structure what he called the ‘Concorde Agreement’. The fourth version of this agreement was how Ecclestone was able to exert his dominance over the sport as for an annual payment to both the FIA and the teams, Ecclestone retained sole control over the television rights.

Despite coming under heavy criticism over his career, most notably by the BRDC in relation to Silverstone and the British Grand Prix, Ecclestone’s time in the sport has made Formula 1 what it is today. He made significant improvements in relation to the safety standards at the race track and developed the brand into a multi-billion dollar entity.

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