Liberty Media felt they had to bring in a new management team to run Formula 1 because the business had failed to show much growth over the past “four to five years”, according to new CEO Chase Carey. On Monday it was announced that long-time F1 boss Bernie Ecclestone had been replaced by a new management team consisting of Carey, Ross Brawn and Sean Bratches. Brawn will take up a sporting role with the aim of improving on-track action, whilst Bratches will head up the commercial side. Speaking to Sky Sports News, Carey said the need for a new management team was in response to the lack of growth in the sport. Although profits have increased, the audience has declined in many...
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