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Showing posts with the label Bernie Ecclestone

The wealthiest Formula 1 driver on Earth

There was a great deal of controversy surrounding Canadian driver Lance Stroll past year. In the opinion of many, his billionaire father would be the only leverage to the young driver's career. This opinion seems to prevail in many countries, except Canada, I suppose. Time - that is, the 2018 season - will tell whether or not Lance has any talent, for he will need it to get this latest Williams far up the grid. However, this post is not about Lance. After all, Lance’s father is very   much alive, so Lance himself is not an extremely wealthy individual just yet. As the post is entitled "The wealthiest Formula 1 driver in the world", do the math. Yes, I know a certain Bernard Ecclestone tried to qualify for the 1958 Monaco and British Grand Prix with an old Connaught-Alta. At the time a mere car dealer, Bernie was very optimistic to think that had any chance to start the race, for, among other things, there was a huge entry list that year. Bernie's competitive

The age of change

Nowadays we talk a lot about the pace of change in all walks of life. It seems to me, though, that the era when there was the greatest amount of change in automobile racing was the 70s. I am basically talking about the tremendous volume of changes that had a lasting effect on racing. Commercially, there was consolidation of sponsorship in Formula 1 and all other disciplines of racing. In 1970, a good number of GP teams had some form of commercial sponsorship, however, all teams were sponsored by 1979. Commercial sponsorship not only provided money to teams, but also made racing commercially interesting and sellable on TV, and TV made things more interesting to sponsors. Broadcasting also expanded greatly during the decade, especially in the third world. Thus, by the end of the decade, Bernie Ecclestone in F1 and NASCAR in F1 had began to expand live TV coverage of racing events. The early days of cable TV also provided more outlets and programming needs. Turbocharging, although wid