F1 sold to Liberty Media. Bernie Out?

[can]

Today (in Germany) being an F1 Fan could make you sometimes quite
lonely, especially on some Sunday afternoons

This sounds quite sad when you take into account that you have German drivers in some of the best teams.

To be honest, it is...

In the Schumacher era, i had many friends to watch and discuss F1... Nowadays
nobody is interested.

I am 31 now and I can finally effort F1 Tickets, but nobody wants to come with me.
And dont get a wrong Idea, I got many friends, that they would do anything,
except for watching F1 and waste valuable Sundays in front of the TV.

[Vasconia]

Today (in Germany) being an F1 Fan could make you sometimes quite
lonely, especially on some Sunday afternoons

This sounds quite sad when you take into account that you have German drivers in some of the best teams.

To be honest, it is...

In the Schumacher era, i had many friends to watch and discuss F1... Nowadays
nobody is interested.

I am 31 now and I can finally effort F1 Tickets, but nobody wants to come with me.
And dont get a wrong Idea, I got many friends, that they would do anything,
except for watching F1 and waste valuable Sundays in front of the TV.

Obviously Schumacher had a charm that no German driver has now but its extrange that having Vettel how can the interest be so low. Any explanation?

Haha no doubts that you have friends. I had the chance of going to Barcelona in 2012 and I was quite surprised that two friends of mine decided to go with me. I had (and I still have) a t-shirt of Schumacher who had a incident only after a few laps, it s*cked hard but I had lots of fun that weekend. I still have to go to Spa but I guess I wont have chances of doing it.

[can]

Obviously Schumacher had a charm that no German driver has now but its extrange that having Vettel how can the interest be so low. Any explanation?

Haha no doubts that you have friends. I had the chance of going to Barcelona in 2012 and I was quite surprised that two friends of mine decided to go with me. I had (and I still have) a t-shirt of Schumacher who had a incident only after a few laps, it s*cked hard but I had lots of fun that weekend. I still have to go to Spa but I guess I wont have chances of doing it.

Schumacher was the special one, he looked unbeatable and mature. You looked at him and you wanted to be like him.
Vettel is just very likeable, a good nice boy. Fast, but not unbeatable. I would consider myself as a Vettel Fan, but not hardcore
and I certainly like him for different reasons than Michael.

In Germany Vettel is not that famous. Everybody knows him, but they dont know and care much about him.
It is crazy how can you be a 4times WDC and not be a hero in your country!?

But before we get into trouble back to topic:
Anything new about the purchase? Today should be the day of the payment as suggested by the rumor.

[ChrisDanger]

:
Ecclestone was candid when asked if he would abandon the sport that has been his life and made him one of the richest men in Britain.

"I guess the new man will want to come in and make some noises," he said. "If I don't like those noises, I will say adios."

[adrianjordan]

Anything been announced yet? Wasn't the first payment supposed to be yesterday?

[Manjhi]

Whoever takes over F1, should bring the glory days of F1 back. I saw Moto GP ay silverstone and was amazed by the level competition there. Liberty Media should revive F1, first thing they should do is to throw this big 5 culture out of F1 and take those 70-80 millions extra paid to the failed team Ferrari and distribute it equally between the teams suffering from financial instability.

[LookBackTime]

Bernie still CEO in the new entity

[A-Bap]

Liberty just needs to do two simple things and they’ll win.

1. Improve the production values of the show. As much as a dislike, NASCAR, F1 could learn a lot from their coverage. It's superb in many ways...not in every way, but many way. Telemetry and graphics are easy examples.

2. Introduce new ways for fans to network and share content online—to come together. UGC...

Sure there are other things one might change (noise and “show” factors, teams having a piece of the pie, and so on and so on), but these two would produce real and enduring dividends.

[strad]

I don't think Bernie is going anywhere.

[void]

According with Brazilian media, Liberty Media has bought FOM and Bernie will be kept as CEO.

[ChrisDanger]

Bernie Ecclestone will remain as Formula 1's chief executive officer, with Chase Carey to be appointed as its new chairman, upon the completion of a deal with Liberty Media Corporation.

Carey will replace former Nestle CEO Peter Brabeck-Letmathe, who took up the role as F1 chairman just over the three years ago.

Some quotes from Carey in this motorsport.com article about “enhancing the distribution of content, especially in digital" and "the opportunity is to grow and develop this sport for the benefit of the fans, teams, partners and our shareholders".

Official Liberty Media press release: Liberty Media Corporation Agrees to Acquire Formula One

BBC quoting Bernie "Bernie Ecclestone: Formula 1 boss 'to stay for three more years' after takeover"

[zac510]

I really don't understand why people carry on about F1 on social media. If F1 content comes to [for example] Facebook and twitter then it's just merely giving them some content from which they can serve their own ads over. How exactly does it bring money to F1?
Personally I like that we have publications like racecar engineering, motorsport.com and Autosport to name a few, with journalists at the track that produce specialist articles. Hopefully the new owners can open up the media rules a bit and allowed organisations like these to use some video. But pass on the social media, let's support the real F1 news websites who produce original content.

[FW17]

I really don't understand why people carry on about F1 on social media. If F1 content comes to [for example] Facebook and twitter then it's just merely giving them some content from which they can serve their own ads over. How exactly does it bring money to F1?
Personally I like that we have publications like racecar engineering, motorsport.com and Autosport to name a few, with journalists at the track that produce specialist articles. Hopefully the new owners can open up the media rules a bit and allowed organisations like these to use some video. But pass on the social media, let's support the real F1 news websites who produce original content.

Does Facebook, Google etc. charge you?

The idea is to have as much free content as possible to attract the maximum page visits and get paid through target advertising.

[zac510]

Yes but the target advertising goes into facebook/twitter's pocket, not Formula1's. (and when I say F1's pocket, I mean in a general sense, that it will filter down to the teams aswell).
As far as I know facebook or twitter would not pay for F1 content on their sites.
F1 would still have to create the content to go onto social media, unlike traditional specialist media outlets like those I mentioned above. All facebook do is provide an audience, albeit a fickle and easily distracted one.
Teams, drivers and news outlets on social media makes more sense to me and that's what we've got now.

[Big Mangalhit]

Well but youtube does pay, albeit a very small cut of the revenue in advertisement.

Still it is not only about the money is about diffusion of the F1 to the new generations. If the Facebook was flooded with the brilliant overtakes, the dramatic crashes and banters more young people would be aware of what is happening on F1. It would get the sport trending, some new fans would rise, people would talk more about it and that should be the target of F1. It is way too detached from the majority of young people, especially in countries which do not have a pilot or a team racing.