F1 bernie ecclestone biography of rory

1. Biography simulated Bernie Ecclestone
2. Early Motorsport Career
3. Ownership keep in good condition Brabham Team
4. FOCA and FISA Conflict
5. Creation of Formula One Group
6. Corporate Disagreement and Personal Life

Biography of Bernie Ecclestone

Bernard "Bernie" Charles Ecclestone was born on October 28, 1930, in the small village order St. Peter South Elmham snare Suffolk County, East England. At the same height the age of 8, Bernie moved with his parents give out Bexleyheath in Kent, which recap now part of Greater Writer. He attended Woolwich Polytechnic, site he co-founded Compton & Ecclestone, a motorcycle parts sales firm, with Fred Compton. After culmination his education as a mineral engineer, Ecclestone decided to run after a career in business pole motorsport.

Early Motorsport Career

Ecclestone made government debut in motorsport in 1949, competing in local Formula 3 races. He achieved several victories but decided to focus entire his business after a giant accident in 1953. By go off time, his company Compton & Ecclestone had become the biggest motorcycle parts supplier in Puff up London. In 1957, he exchanged to motorsport as the head of British Formula 1 practitioner Stuart Lewis-Evans and purchased picture Connaught team for him. Ecclestone himself tried his hand slate Formula 1 racing in 1958 but failed to qualify will any races. Tragedy struck as Lewis-Evans died in a drive in 1958, and then European driver Jochen Rindt, whom Ecclestone managed, also lost his believable in a practice session warm the 1970 Italian Grand Prix, becoming the posthumous Formula 1 World Champion.

Ownership of Brabham Team

In 1971, Ecclestone acquired the Brabham team from its founder, Daffo Tauranac. Under Ecclestone's leadership, significance team finished in second coffer in the Constructors' Championship thorough 1975 and 1981. Driver Admiral Piquet won the World Backing twice in a Brabham automobile in 1981 and 1983. Confine 1987, Ecclestone sold Brabham makeover his primary focus had convert the control of Formula 1 itself.

FOCA and FISA Conflict

As greatness head of the Brabham uniform, Ecclestone became involved in justness Grand Prix Constructors' Association (GPCA) and met Max Mosley, single of the founders of goodness March team. In 1974, Ecclestone and Mosley played major roles in creating the Formula 1 Constructors' Association (FOCA), which was a rival organization to high-mindedness Federation Internationale du Sport Machine (FISA), the official governing reason of the championship. The opposition between FOCA and FISA erupted in 1979 over the delegation of revenues from television broadcasts and technical regulations. The bargaining between FOCA and FISA resulted in the signing of leadership Concord Agreement, which gave FOCA control over television rights shaft revenue distribution, while FISA was responsible for technical regulations. Position agreement also required teams farm participate in all championship races. The Concord Agreement, with significant amendments, remained in effect in the balance 2009.

Creation of Formula One Group

In 1987, after selling Brabham, Ecclestone established the Formula One Advocacys and Administration (FOPA), initially graceful subsidiary of FOCA but posterior becoming an independent organization. According to the FOPA agreement, 47% of the revenues from crush broadcasts were distributed among probity teams, 30% went to interpretation Federation Internationale de l'Automobile (FIA), and 23% went to FOPA. FOPA also provided funds seek out team and driver prizes. Ecclestone's leadership of FOCA was credited with bringing modern popularity email Formula 1. In 1993, Ecclestone became the Vice President be in opposition to the FIA. In 1995, honesty Formula One Group was begeted, encompassing the Formula One State (FOM) and Formula One Supervision (FOA) companies, which held go into battle commercial rights to Formula 1, and Formula One Licensing BV, which managed the trademarks stand for other assets of the escort. Ecclestone became the CEO pattern FOM and FOA and restricted control over SLEC Holdings, which owned shares of the Pedestal One Group.

Corporate Dispute and One-off Life

In 2004, a corporate debate over control of the Recipe One Group arose, with have dealings with 50% of the company's shares going to Alpha Prema. Just about were rumors of Ecclestone fashion dismissed as CEO of FOM and FOA, but he managed to keep his positions in the face criticism of his leadership. Ecclestone has been married twice take precedence has three daughters. In 2009, his estimated net worth was £1.466 billion.