I don't see myself retiring ever, says F1 boss Ecclestone

Image
Press Trust of India New Delhi
Last Updated : Aug 25 2014 | 5:01 PM IST
Formula 1 supremo Bernie Ecclestone, free from his bribery trial in Germany, says he has no plans to quit after running the show for almost four decades and his current focus is on tackling the popularity issue facing the sport even though "it is nothing big and just a phase".
Ecclestone insisted that his court case, which started in April and ended earlier in the month, did not affect his routine work.
"I had it all covered actually. The hearings did not make much of a difference. I was busy working on legal matters during weekdays and then I was there in the paddock at race weekends like usual. Now I will only have more time for the sport," Ecclestone told PTI from his London office.
The 83-year-old remains a permanent figure in world of Formula One, putting countless rumours on his retirement to rest.
His approach has not changed after the Munich trial which he settled by paying a staggering USD 100 million.
"I have not thought about retirement really and I don't think I will ever come to that stage. I am here for as long as I can be and as long as I have the support of the stakeholders," said the former car salesman who now, with a personal wealth of USD 4.2 billion, is the 12th richest billionaire in UK, claims Forbes.
Fall in spectator interest and television viewership of the global sport has been the most talked issue of late. The German Grand Prix in Hockenheim drew a Sunday crowd of 52,000, 38 percent less than the last race at the alternate venue two years ago. The figures dropped at a time when the home team, Mercedes, is dominating the overall championship.
Asked about his thoughts on the matter, Ecclestone said: "A lot of people talk a lot of rubbish. If there is a decrease in viewership, it is in all sports not only Formula One. People have so many other options that were not there earlier. Having said that, I feel it is just a phase. The racing this season has been exciting and it will all be back to normal very soon.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 25 2014 | 5:01 PM IST

Next Story