Ecclestone’s interest in motorsports began at an early age. He started his career in racing as a driver but soon shifted his focus to team ownership and management.
In the late 1950s and early 1960s, Ecclestone managed several racing teams, including the Connaught and Brabham teams. He later became the manager of the Brabham team and eventually bought the team in 1972. Under his ownership, the Brabham team achieved notable success, winning multiple Formula One World Championships.
Ecclestone’s influence in Formula One expanded beyond team ownership. In the 1970s, he played a crucial role in forming the Formula One Constructors Association (FOCA), which later became a significant force in negotiations with the Fédération Internationale de l’Automobile (FIA), the governing body of Formula One.
Ecclestone’s most significant contribution to Formula One came when he acquired the commercial rights to the sport. In the late 1970s, he founded the Formula One Promotions and Administration (FOPA) organization, which later became Formula One Management (FOM). Ecclestone negotiated lucrative television rights deals and transformed Formula One into a global entertainment phenomenon.
Under his leadership, Formula One expanded its global reach, reaching new markets and securing substantial broadcasting deals. Ecclestone’s business acumen and tough negotiation skills helped Formula One become one of the most popular and profitable sports in the world.
In 2017, Liberty Media acquired Formula One Group, leading to a change in the sport’s management. Ecclestone stepped down from his role as the CEO of the Formula One Group but continued to be involved in the sport in an advisory capacity.
Bernie Ecclestone Wife: Is Bernie Ecclestone married?
Bernie Ecclestone has been married twice. He has been married to Fabiana Flosi since 2012. Before Flosi, he was married to Slavica Ecclestone 1985 to 2009.