Brexit makes no difference to F1, says Ecclestone

Fri Jun 24, 2016 4:12pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Alan Baldwin

LONDON (Reuters) - Formula One supremo Bernie Ecclestone welcomed Britain's vote to leave the European Union on Friday and said it made no difference to a global sport dominated by British-based teams.

"I have been a supporter of this all the way through," the 85-year-old Briton, whose headquarters are in London, told Reuters.

"I think it’s the best thing. We should be ruling ourselves," Ecclestone added.

"If we’ve got something to sell, and it’s a good product at the right price, people will buy whether they are Chinese, Italian or German...people will just get over this and get on with their lives."

Eight of the 11 teams have factories in England, including champions Mercedes and Renault. Ferrari, the sport's most successful team, and Red Bull-owned Toro Rosso are in Italy while Sauber are Swiss.

The Formula One calendar has 21 races, with Azerbaijan making its debut this month, but the European Union stages just seven.

While Ecclestone spoke for his business, which had estimated turnover of $1.9 billion in 2015, former champions McLaren took a different view.

Executive chairman Ron Dennis wrote to the Times newspaper before the vote highlighting the "potentially grave consequences" of Brexit.   Continued...

Formula One - Grand Prix of Europe - Baku, Azerbaijan - 18/6/16 - F1 supremo Bernie Ecclestone speaks to the media. REUTERS/Maxim Shemetov