What was former CEO of the Formula One Group, Bernie Ecclestone, comment on Netflix in F1?
The British business magnate and one of the wealthiest men in the United Kingdom remarked on Formula One’s portrayal in the Netflix series.
Former Formula 1 boss Bernie Ecclestone spoke to the Daily Mail about Max Verstappen, saying he is the best driver in history. On the other hand, he also had words for Liberty Media, which now manages Formula 1.
While serving as the boss of Formula 1, Bernie Ecclestone made some controversial moves, but the sport had become somewhat dull. Liberty Media was tasked with the challenge of attracting more viewers. The Americans have attempted this in various ways, such as increasing the number of races and turning Formula 1 drivers into Netflix stars, which Ecclestone now thinks.
Bernie Ecclestone, who had been the CEO of Formula One for nearly 40 years, was removed from the position on January 23, 2017, by Liberty Media after their $8bn (£6.4bn) takeover of the sport. However, he was given other roles within the organization as chairman emeritus and adviser to the board. Ecclestone was instrumental in transforming F1 from a relatively niche activity to one of the most popular television sports in the world, second only to the Olympics and the football World Cup. After selling Brabham in the late 1980s, he devoted himself entirely to the administration of the sport.
In the mid-1990s, Ecclestone took over the commercial rights of F1 from the teams, and he immediately expanded its television coverage. He introduced a new approach, forcing companies to broadcast the entire championship rather than just a few races, which was the norm until the early 1980s. However, he was criticized for his authoritarian leadership style and controversial decisions. His demands for higher fees from race tracks were also questioned, ultimately leading to his removal as the CEO of Formula One.
At the end of his interview, he also talked about the drivers and Verstappen’s dominance, who will win the third world championship title in 2023.