New Formula One CEO Chase Carey remains frustrated with shadows of the old firm still lurking around the paddock.
The tale continues to unfold. Then again, those that believed the story of Liberty Media’s ousting of Bernie Ecclestone would just quietly fade into the background have not been honest with themselves. New details have emerged as new F1 CEO Chase Carey dishes out new details regarding the hostile move against Ecclestone. Regardless of how one might feel about Ecclestone’s imprint on the sport, the insight does give a fascinating lens into the world of corporate management – and just how cutthroat it can be:
“I want to be saying ‘yes’ to a whole lot more. What is the value of having an idea if the answer to everything you want to do is ‘no’? All it does is create frustration.
There are an array of things that weren’t done that needed to be done. We felt it was a sport that for the last five or six years had really not been managed to its full potential or taken advantage of what was here.
All of us make mistakes and nobody is perfect. Bernie took a business from decades ago and sold it for eight billion dollars. He deserves all the credit in the world for what he has done. But in today’s world you need to market a sport. We were not marketing the sport.” – Chase Carey
Carey’s candid remarks regarding the ordeal are a welcome breath of fresh air, as the new CEO seems to be more inclined to build bridges rather than burn them. Ecclestone has undoubtedly shaped the sport into what it is today, but when one person is the sole deciding factor in decisions that shape an entire sport… perhaps a step into the 21st century is not a bad idea.