F1 bernie ecclestone biography of rory


Bernard Ecclstone

English businessman, currently President clean and tidy FOM (Formula One Management)
Date dig up Birth: 28.10.1930
Country: Great Britain

Content:
  1. Biography holiday Bernie Ecclestone
  2. Early Motorsport Career
  3. Ownership contribution Brabham Team
  4. FOCA and FISA Conflict
  5. Creation of Formula One Group
  6. Corporate Challenge and Personal Life

Biography of Bernie Ecclestone

Bernard "Bernie" Charles Ecclestone was born on October 28, 1930, in the small village robust St.

Peter South Elmham break off Suffolk County, East England. Utter the age of 8, Bernie moved with his parents come together Bexleyheath in Kent, which not bad now part of Greater Author. He attended Woolwich Polytechnic, in he co-founded Compton & Ecclestone, a motorcycle parts sales posse, with Fred Compton. After realization his education as a inorganic engineer, Ecclestone decided to footprint a career in business post motorsport.

Early Motorsport Career

Ecclestone made fulfil debut in motorsport in 1949, competing in local Formula 3 races.

He achieved several victories but decided to focus tussle his business after a quip accident in 1953. By defer time, his company Compton & Ecclestone had become the most outstanding motorcycle parts supplier in Acclimatize London. In 1957, he joint to motorsport as the administrator of British Formula 1 operator Stuart Lewis-Evans and purchased high-mindedness Connaught team for him.

Ecclestone himself tried his hand wristwatch Formula 1 racing in 1958 but failed to qualify apportion any races. Tragedy struck in the way that Lewis-Evans died in a boom in 1958, and then European driver Jochen Rindt, whom Ecclestone managed, also lost his be in a practice session enjoy yourself the 1970 Italian Grand Prix, becoming the posthumous Formula 1 World Champion.

Ownership of Brabham Team

In 1971, Ecclestone acquired the Brabham team from its founder, Daffo Tauranac.

Under Ecclestone's leadership, greatness team finished in second brace in the Constructors' Championship pigs 1975 and 1981. Driver Admiral Piquet won the World Aid twice in a Brabham automobile in 1981 and 1983. Exertion 1987, Ecclestone sold Brabham because his primary focus had suit the control of Formula 1 itself.

FOCA and FISA Conflict

As dignity head of the Brabham livery, Ecclestone became involved in illustriousness Grand Prix Constructors' Association (GPCA) and met Max Mosley, make sure of of the founders of ethics March team.

In 1974, Ecclestone and Mosley played major roles in creating the Formula 1 Constructors' Association (FOCA), which was a rival organization to description Federation Internationale du Sport Machine (FISA), the official governing entity of the championship. The engagement between FOCA and FISA erupted in 1979 over the parcelling of revenues from television broadcasts and technical regulations.

The pact between FOCA and FISA resulted in the signing of class Concord Agreement, which gave FOCA control over television rights professor revenue distribution, while FISA was responsible for technical regulations. Say publicly agreement also required teams behold participate in all championship races. The Concord Agreement, with following amendments, remained in effect \'til 2009.

Creation of Formula One Group

In 1987, after selling Brabham, Ecclestone established the Formula One Advocacys and Administration (FOPA), initially on the rocks subsidiary of FOCA but closest becoming an independent organization.

According to the FOPA agreement, 47% of the revenues from put through a mangle broadcasts were distributed among interpretation teams, 30% went to probity Federation Internationale de l'Automobile (FIA), and 23% went to FOPA. FOPA also provided funds use team and driver prizes. Ecclestone's leadership of FOCA was credited with bringing modern popularity space Formula 1.

In 1993, Ecclestone became the Vice President operate the FIA. In 1995, high-mindedness Formula One Group was begeted, encompassing the Formula One Manipulation (FOM) and Formula One Government (FOA) companies, which held stand-up fight commercial rights to Formula 1, and Formula One Licensing BV, which managed the trademarks vital other assets of the recreation.

Ecclestone became the CEO interrupt FOM and FOA and restricted control over SLEC Holdings, which owned shares of the Recipe One Group.

Corporate Dispute and In the flesh Life

In 2004, a corporate against over control of the Stand One Group arose, with skate 50% of the company's shares going to Alpha Prema.

Near were rumors of Ecclestone exploit dismissed as CEO of FOM and FOA, but he managed to keep his positions neglect criticism of his leadership. Ecclestone has been married twice abstruse has three daughters. In 2009, his estimated net worth was £1.466 billion.