Author Box
Articles Categories
All Categories
Articles Resources

Formula One - How Bernie Ecclestone Make It Happen in Difficult Times

May 25, 2012 | Comments: 0 | Views: 236

People love him and hate him. But for the most part, this man known to many as F1Supremo is more loved than hated.

Last year, 81-year-old F1 Supremo Bernie Ecclestone gamely took the villain's role when he insisted that organizers of the revived US race in Austin, Texas pay their dues first before they are included in the F1 calendar this season.

The standoff was not well received by the American public. The fiery Supremo was pictured as a heartless profiteer out to drive a hard bargain and strike a good deal at the expense of American motorsports fans during an ugly exchange, but in the end it was the diminutive former tire dealer who won the standoff.

Ecclestone was obviously still smarting from a contract dispute with the Indianapolis Motor Speedway that unceremoniously ended the last Formula One event in the United States in 2007. He did not want the Austin races to start, only to end with another contract disagreement.

Many people did not see it that way. Only Ecclestone did.

The Supremo is back in the news again - or was he ever out of it? - this time fighting for a budget cap for F1 teams in the light of the raging economic crisis in Europe.

"Let's put it this way," he said in an interview published in the official F1 website. "There are still too many people in Formula One running around with rose-tinted glasses." The London-based racing mogul thinks it's time to change them.

"These glasses make you blind to reality," he reminds everyone. With Europe's economy in a shambles, Ecclestone thinks team owners and managers should act accordingly.

His simple advice: "Change the color of your glasses and tighten your belts. Stop spending more than you need to." He sees the signs from Hungary and Turkey, two former F1 hosts which could no longer sustain their hosting rights primarily because of the economic crisis plaguing Europe. Spain is similarly feeling the pinch and considered hosting only one event this year, instead of two.

Without the similes and metaphors, Ecclestone is actually asking team owners to spend less for their respective teams. This is good news for many small players in F1, but not for the major ones who think the "sky is the limit" when it comes to ensuring the victory of their teams.

Despite the initial negative feedback from the likes of Red Bull, McLaren, Mercedes and Ferrari over the suggestion, all team owners are curious to know what Ecclestone can see in F1's tomorrow. After all, the Supremo had seen more F1 yesterdays than anyone else.

Mio dela Cruz is a full-time journalist, motorsport enthusiast and online F1 writer for usformula1.org, a US-based website company dedicated to the development and promotion of US Formula One racing in the United States and across the globe. For more of his Formula One articles, please visit http://www.usformula1.org/.

Source: EzineArticles
Was this Helpful ?

 
0
 
0
 
Rate this Article
 vote(s)
Feedback
Print
Re-Publish

Article Tags:

Bernie Ecclestone

,

F1

,

Formula 1

,

European Crisis

,

F1 Team Owners

,

Budget Cut

,

Motorsports

,

F1 Supremo

LED boat trailer lights are designed to offer high-power output and low-power consumption for ultra-bright and reliable illumination; they are sealed to resist UV-radiation, corrosion, and water

By: Simon Liva l Recreation & Sports > Boating l December 12, 2012 lViews: 273

All these scooters are highly durable as they have been made using qualitative materials. They are ideal for extreme tricks, jumps and stunts for youngsters and are extremely light in weight. All

By: Simon Liva l Recreation & Sports > Extreme l November 24, 2012 lViews: 412

The interest in BMXing has grown massively over the past few years. With BMX hitting its peak in the 80's with freestyle riders, the sport has never looked back. Even more impressively BMX racing is

By: Alan Trotter l Recreation & Sports > Cycling l October 24, 2012 lViews: 451

Mountain biking has grown vastly over the years from simple, open entry competitions to global world cup and olympic events. There are still local enthusiasts and the sport has a dedicated following.

By: Philip Loughran l Recreation & Sports > Mountain Biking l July 10, 2012 lViews: 247

It's unfortunate but true that although summer holidays such as the 4th of July and Labor Day offer some of the best opportunities for families to get out and enjoy some quality time together, with

By: Dexter Luck l Recreation & Sports > Boating l July 10, 2012 lViews: 584

The term "Klunker" that for years became synonymous with heavy, clumsy machines, was actually the model of bike made by the Schwinn company that had something to do with the origins of freestyle

By: John D Meyers l Recreation & Sports > Mountain Biking l July 10, 2012 lViews: 269

NASCAR has had a rich and illustrious history since it's creation. This article talks about it's early foundation and national cup series.

By: Aiden Jeffersonl Recreation & Sports > Auto Racingl June 21, 2012 lViews: 215

Put together oval racing, road racing, and demolition derby and you have Figure 8 racing. The sport began way back in the late 1940s, just right after the Second World War. At the time, the tracks

By: A Schenkl Recreation & Sports > Auto Racingl June 08, 2012 lViews: 209

After a lackluster 2009 season and two years in limbo, F1 racer Romain Grosjean is back in action and in the limelight of the 2012 F1 Grand Prix Championship. He's in the top 8 of the overall

By: Mio Dela Cruzl Recreation & Sports > Auto Racingl May 24, 2012 lViews: 193

Sidi Boots are famous for their impressive technological innovation, their remarkable comfort, durability and one of a kind design and style. They are developed to not merely be stylish, but they are

By: Ewan Smithl Recreation & Sports > Auto Racingl May 21, 2012 lViews: 287

The Formula One teams have had their first chance at in season testing since September 2008 to give them a chance to really get to grips with the new Pirelli tyres. These tyres have provided a

By: Mark Needhaml Recreation & Sports > Auto Racingl May 21, 2012 lViews: 194

Motocross clothing accessories generally includes jerseys, jackets, boots, helmets, pants, goggles, socks, t-shirts, hats and shoes. Motocross clothing is generally made up of a special material

By: Ewan Smithl Recreation & Sports > Auto Racingl May 19, 2012 lViews: 177

After a lackluster 2009 season and two years in limbo, F1 racer Romain Grosjean is back in action and in the limelight of the 2012 F1 Grand Prix Championship. He's in the top 8 of the overall

By: Mio Dela Cruzl Recreation & Sports > Auto Racingl May 24, 2012 lViews: 193

Discuss this Article

comments powered by Disqus