The sale has been made up in parts, the first instalment has now been paid up, the rest will come later on. One can only imagine the tangle the deal with have to pick through to be rather substantial. Back room deals, debts and voting rights bestowed for previous agreements… the list goes on. Rumour has it even the Euro commission are keen to look at the deal.
Couple that with the fact we’ll still have Mr E hanging around for at least another 3 years ‘helping’, well it’ll take a brave man (or woman) to put money on this working out smoothly.
For 30 months Mr E will have a job guarantee taking him to the age of 89 and who would bet against him buying back F1, for less money of course, just for a laugh? With luck, that won’t be an option.
The moustached Chase Carey and Mr E looking had several things to say to the media after the deal was done:-
“What’s your No 1 aim over these three years, Mr Ecclestone?”
“I hope I’m going to be here in three years’ time – alive and well,”
“This is an evolution, this is a great global sport and one where we’re just going to keep trying to build on what Bernie’s built over the last four decades.”
Lets hope the sport’s rule makers can ensure the racing’s decent, no amount of media and marketing revolution can fix an essentially broken product.