News Details

Maffei: I heard Bernie call grand prix hosts ‘the victims'

Liberty Media CEO Greg Maffei has shed some light on the callous business methods used by deposed Formula 1 supremo, Bernie Ecclestone, during his reign at the helm of the sport. Speaking to media, at the Deutsche Bank 2017 Media & Telecom Conference in Florida, Maffei revealed, 'It's our job to do far more to help the promoters be successful. Bernie's attitude was: how much can I extract from them, how much up front? I heard him call them the victims.' 'So we ended up with races like Baku in Azerbaijan where they paid us a big race free but [the organiser] does nothing to build the long term brand and help the business.' The Azerbaijan government will spend an estimated...
Full Story »
8y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Liberty Media's Maffei slams Baku for adding no value...

 XPB Images Liberty Media CEO Greg Maffei believes Formula 1's...
8y ago from F1i.com

Maffei doesn't rule out engine change

Round about the time that FIA President Jean Todt was ruling out a return...
8y ago from Pitpass.com

Ferrari buys in to Liberty Media; US TV ratings may...

F1 News Ferrari buys in to Liberty Media; US TV ratings may justify...
8y ago from Formula1Blog.com

Ecclestone ‘not treated well' by Liberty Media

Flavio Briatore has claimed new Formula One owners Liberty Media have...
8y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Scott Dixon awarded prestigious New Zealand honor

To close out 2025, one of IndyCar’s most decorated drivers was awarded...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal vs Liverpool Prediction and Betting Tips | 8th...

The Premier League features a clash between two of England's biggest teams...
5h ago from SportsKeeda.com

‘January move possible’: Reliable journalist says...

Arsenal are reportedly stepping up their efforts to sign Blackburn...
8h ago from CaughtOffside.com

Paul Merson predicts Arsenal vs Liverpool and other...

A lot has changed in the Premier League over the course of the last few...
11h ago from SportsKeeda.com

Chelsea face fight with Arsenal, Liverpool & Man...

Chelsea are interested in signing the Rennes defender, Jeremy Jacquet....
17h ago from CaughtOffside.com

Comments

Hottest News

Oscar Piastri reveals F1 rival's MUM cuts his hair

McLaren F1 star Oscar Piastri has revealed that... Read More »
3h ago from GPFans.com

Mercedes tease first look at 2026 car

Mercedes are the latest F1 team to tease when the... Read More »
8h ago from GPFans.com

Axed Red Bull star sent boss £6,000 therapy bill

A former Red Bull star has revealed that he sent... Read More »
5h ago from GPFans.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.