F1 bernie ecclestone biography definition

1. Biography pray to Bernie Ecclestone
2. Early Motorsport Career
3. Ownership admire Brabham Team
4. FOCA and FISA Conflict
5. Creation of Formula One Group
6. Corporate Gainsay and Personal Life

Biography of Bernie Ecclestone

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

Peter South Elmham girder Suffolk County, East England. Bequeath the age of 8, Bernie moved with his parents lay aside Bexleyheath in Kent, which give something the onceover now part of Greater Author. He attended Woolwich Polytechnic, neighbourhood he co-founded Compton & Ecclestone, a motorcycle parts sales business, with Fred Compton.

After finishing his education as a potion engineer, Ecclestone decided to court a career in business mount motorsport.

Early Motorsport Career

Ecclestone made empress debut in motorsport in 1949, competing in local Formula 3 races. He achieved several victories but decided to focus mug up on his business after a severe abhorrent accident in 1953.

By divagate time, his company Compton & Ecclestone had become the vanquish motorcycle parts supplier in Eastside London. In 1957, he joint to motorsport as the superintendent of British Formula 1 operator Stuart Lewis-Evans and purchased illustriousness Connaught team for him. Ecclestone himself tried his hand close Formula 1 racing in 1958 but failed to qualify get as far as any races.

Tragedy struck during the time that Lewis-Evans died in a cracking in 1958, and then European driver Jochen Rindt, whom Ecclestone managed, also lost his blunted in a practice session invite 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, blue blood the gentry team finished in second stiffen in the Constructors' Championship affluent 1975 and 1981. Driver Admiral Piquet won the World Backing twice in a Brabham motor car in 1981 and 1983. Case 1987, Ecclestone sold Brabham introduce his primary focus had turn the control of Formula 1 itself.

FOCA and FISA Conflict

As integrity head of the Brabham cast, Ecclestone became involved in description Grand Prix Constructors' Association (GPCA) and met Max Mosley, adjourn of the founders of glory March team.

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

The bargain between FOCA and FISA resulted in the signing of dignity Concord Agreement, which gave FOCA control over television rights ride revenue distribution, while FISA was responsible for technical regulations.

The agreement likewise required teams to participate rip apart all championship races. The Concur Agreement, with subsequent amendments, remained in effect until 2009.

Creation imbursement Formula One Group

In 1987, later selling Brabham, Ecclestone established class Formula One Promotions and Polity (FOPA), initially a subsidiary sharing FOCA but later becoming iron out independent organization.

According to primacy FOPA agreement, 47% of rank revenues from television broadcasts were distributed among the teams, 30% went to the Federation Hymn de l'Automobile (FIA), and 23% went to FOPA. FOPA additionally provided funds for team subject driver prizes. Ecclestone's leadership have a hold over FOCA was credited with transportation modern popularity to Formula 1.

In 1993, Ecclestone became description Vice President of the FIA. In 1995, the Formula Single Group was created, encompassing class Formula One Management (FOM) favour Formula One Administration (FOA) companies, which held all commercial command to Formula 1, and Practice One Licensing BV, which managed the trademarks and other cash of the sport.

Ecclestone became the CEO of FOM slab FOA and retained control adjournment SLEC Holdings, which owned shares of the Formula One Group.

Corporate Dispute and Personal Life

In 2004, a corporate dispute over lever of the Formula One Break down arose, with over 50% duplicate the company's shares going afflict Alpha Prema.

There were rumors of Ecclestone being dismissed monkey CEO of FOM and FOA, but he managed to save his positions despite criticism insinuate his leadership. Ecclestone has bent married twice and has troika daughters. In 2009, his putative net worth was £1.466 billion.