Agag committed to Formula E, rules out F1 role

Tue Sep 27, 2016 9:53am EDT
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By Alan Baldwin

LONDON (Reuters) - Formula E founder and chief executive Alejandro Agag has dismissed media speculation that he could play a role in running Formula One after Liberty Media's takeover of the glamour sport.

"There haven’t been any contacts at all, whatsoever," he told Reuters in an interview at his London headquarters on Tuesday.

"My interest is Formula E and I think there is still so much to be done in Formula E and it’s really exciting to be in Formula E," said the 46-year-old Spanish businessman.

"I think I could not go anywhere without Formula E. So wherever I go, Formula E has to come, in a way. Formula E is like my baby. I founded it, we were very few in the beginning and we’ve taken it to this point and I don’t think I can stay apart from Formula E."

Formula E, the world's first electric car racing championship which starts its third season in Hong Kong next week, is owned by Liberty Global, another of U.S. cable television tycoon John Malone's companies.

Media reports have suggested that new Formula One chairman Chase Carey, who took the role after the takeover was announced on Sept. 7, wants to appoint executives to run the sport's commercial and sporting operations.

Agag, because of his experience and connections, has been touted as a possible candidate.

Bernie Ecclestone, the 85-year-old who has run Formula One for decades, once co-owned London second tier soccer club Queens Park Rangers with Agag and former Renault team boss Flavio Briatore.   Continued...

Francesco Starace (L), CEO and general manager of Enel Group, shakes hand with Alejandro Agag (R), Formula E CEO, during a news conference to present their partnership at the MAXXI National Museum  in Rome, Italy May 17, 2016   REUTERS/Alessandro Bianchi