Bernie Ecclestone

Bernie Ecclestone
Ecclestone at the 2012 Bahrain Grand Prix
Born
Bernard Charles Ecclestone

(1930-10-28) 28 October 1930 (age 93)[1]
OccupationBusinessman
Years active1950–present
TitleChairman Emeritus of Formula One Group (2017–2020)
Spouses
Ivy Bamford
(m. 1952, divorced)
(m. 1985; div. 2009)
Fabiana Flosi
(m. 2012)
Children4; including Tamara and Petra[2][3]

Bernard Charles Ecclestone (born 28 October 1930) is a British former business magnate.[4] He is the former chief executive of the Formula One Group, which manages Formula One motor racing and controls the commercial rights to the sport. As such, he was commonly described in journalism as the 'F1 Supremo'.[5][6][7]

Ecclestone began his career as a racing driver and entered two Grand Prix races during the 1958 season, but failed to qualify for either of them. Later, he became manager of drivers Stuart Lewis-Evans and Jochen Rindt. In 1972, he bought the Brabham team, which he ran for 15 years.[8] As a team owner he became a member of the Formula One Constructors Association. His control of the sport, which grew from his pioneering sale of the television rights in the late 1970s, was chiefly financial; under the terms of the Concorde Agreement, Ecclestone and his companies also controlled the administration, setup and logistics of each Grand Prix,[9] thus making him one of the richest men in the United Kingdom.[10] Ecclestone was replaced by Chase Carey as chief executive of the Formula One Group in 2017. He was subsequently appointed as chairman emeritus and acted as an adviser to the board.

Ecclestone and Flavio Briatore also owned the English football club Queens Park Rangers between 2007 and 2011.[11]

In October 2023, Ecclestone was convicted of tax fraud by false representation, and had to pay HM Revenue and Customs nearly £653m in back tax and penalties. He was sentenced to 17 months in prison, suspended for two years.

  1. ^ Cary, Tom (28 October 2010). "Bernie Ecclestone at 80: timeline". The Daily Telegraph. London. Archived from the original on 11 January 2022. Retrieved 8 November 2011.
  2. ^ "Bernie Ecclestone: A Short History of F1's Billion-Dollar Brain". Bleacher Report. 22 March 2011. Retrieved 8 November 2011.
  3. ^ "Home of the Daily and Sunday Express | Express Yourself :: Fast life of billionaire Bernie Ecclestone". Daily Express. 16 December 2010. Archived from the original on 31 December 2011. Retrieved 8 November 2011.
  4. ^ "Bernie and Slavica Ecclestone". Rich List 2008. London. 27 April 2008. Retrieved 4 July 2009.
  5. ^ Weaver, Paul (15 May 2013). "Bernie Ecclestone F1 future under cloud as bribery charges are prepared". The Guardian. London. Retrieved 25 June 2013.
  6. ^ "Mark Webber v Sebastian Vettel clash: F1 supremo Bernie Ecclestone unhappy with Red Bull's tactics". The Independent. London. 26 March 2013. Retrieved 25 June 2013.
  7. ^ Bervanakis, Maria (23 January 2012). "The fast life of 'F1 Supremo' Bernie Ecclestone". News Limited Network. Archived from the original on 17 May 2013. Retrieved 25 June 2013.
  8. ^ Tremayne, David (1996). Formula One: A Complete Race by Race Guide (1st ed.). Avonmouth, Bristol, United Kingdom: Parragon Book Service. p. 8. ISBN 0-7525-1762-7. Retrieved 1 March 2008.
  9. ^ "Grand prix, grand prizes". The Economist. ISSN 0013-0613. Retrieved 24 March 2023.
  10. ^ "Bernie Ecclestone net worth — Sunday Times Rich List 2021". The Sunday Times. ISSN 0140-0460. Retrieved 15 June 2021.
  11. ^ "Malaysian executive buys QPR from Ecclestone". The Washington Times. 18 August 2011. Retrieved 6 October 2012.

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