The American was supportive of the 86-year-old but also thinks he prevented the sport from growing further
FORMULA ONE’S new supremo Chase Carey has accused Bernie Ecclestone of holding the sport back.
Until now, American Carey was supportive of the 86-year-old, who ran F1 for 40 years and transformed it into a £6billion industry.
But Carey also reckons Brit Ecclestone’s style prevented the sport growing even further.
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Carey, who has been in charge for 100 days after Liberty Media completed their £6.4b takeover, said: “Day-to-day, I find a level of frustration.
“It was very much a sport that got into a habit of saying ‘no’ too much.
“I want to say ‘yes’ a whole lot more. What is the value of having an idea if the answer to everything you want to do is ‘no’?
“We felt it was a sport that, for the last five or six years, had not been managed to its full potential.
“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.”
Carey is now slowly bringing in changes to boost F1’s appeal.
He added: “Bernie was always focused on the short term — and our focus is on building long-term value.
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“The current engine, for example, ended up being too complicated and too expensive.
“It lost some of the sound that added to the mystique of the sport.
“You are not going to have a new engine in two months — because if you tried to do that you are going to do more harm than good.”
But Ecclestone hit back at Carey’s criticism.
He said: “The only reason I ever said no to anything, is if I thought it wasn’t a very good thing to do or didn’t produce any income.
“I had to make sure we got the maximum financially we could for the company to make it interesting to buy, which is what happened.
“The bottom line is, we will have to see whether the new owners are right or not.”