: Although he cashed out to investors, Ecclestone remains the head of Formula One Management — the sport commercial rights holder, according to The Toronto Star. At 84 years of age, despite controversies and legal troubles, to everyone he is simply Supremo. Here a resume: first reconditioning and selling motorbikes as a teen; tough-as-nails used-car salesman; dealership owner; car auction owner; racer; racing manager; agent, owner of a Formula 1 team; an elite member of the sport governing body ; head of the constructors association; running and controlling most aspects of F1 racing through Formula One Management and associated businesses, through which he negotiates contracts with television companies and circuit owners and promotes and markets the sport. So it safe to say that for most of his adult life, Ecclestone has, and continues to be, intimately involved with cars. The F1 ringmaster isn’t exactly known as the warm and sentimental type; his aloof image has served him well in deal-making and at the gambling table, where he has bet enormous sums. He’ll have you believe it been all business.
(news.financializer.com). As
reported in the news.
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