Formula 1

Ross Brawn.

Ross Brawn denies new job running Formula One

Published Add your comment

Football News
24/7

Formula One giant Ross Brawn has put an end to the speculation over him acquiring a job running the sport under it's new future owners Liberty Media by saying that the company is not yet ready to start making people any offers.

He told BBC sport: "Liberty have not got far enough down the road to make any commitments yet.

"I'm doing a little consulting to help them better understand F1 but that's all."

SUBMIT AN ARTICLE

Apply to become a GMS writer by signing up and submitting a 250-word test article: http://gms.to/haveyoursay5

Article continues below

Speculation over the matter arose when German automobile publication Auto Bild published a report saying that Brawn had signed a deal with Liberty Media to run the sporting and commercial aspects of Formula One on their behalf.

Brawn himself, however, told the BBC that it would all depend on the future actions of Bernie Ecclestone, who is the current chief executive officer of the F1 Group.

Article continues below

As well as being the chief executive, Ecclestone also part-owns Delta Topco, which is the ultimate parent company of the Formula One Group.

The British business mogul made his first significant move in F1 in 1972, when he bought the Brabham team, which he ran for fifteen years.

He managed to acquire a controlling position in the sport after masterminding the sale of the television rights in the late 1970's.

F1 Grand Prix of Mexico - Practice

From there he was able to secure his position at the top of the F1 pyramid by putting together an annual financial package for each team that would be satisfactory enough for the owners to sign contracts giving his company control over the sport's commercial rights.

In 2016, a deal was agreed with entertainment and communications group Liberty Media for the sale of F1, at a staggering cost of £6.5 billion.

The arrangement made with Liberty Media sees Ecclestone remain in his role as chief executive, but with the Suffolk-born billionaire now 86-years-old, talk is beginning to spread of his possible successor.

F1 Grand Prix of Italy - Practice

Many insiders within the sport believe that when Ecclestone finally brings to an end his long association with F1, he will be replaced by two executives, one to run the commercial aspects, and the other to handle the sporting aspects of the company.

Whether or not Brawn will be one of those names is not yet clear, but with a resume as glittery as his, it is hard to see how he would not be target one for the sport's new owners.

In total, Brawn has won eight constructor's titles and eight driver's titles at teams where he has occupied a significant role in the team's management. 

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms

Topics:
Formula 1

Article Comments

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author

DISCLAIMER

This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again