Bernie Ecclestone's 40-year reign as Formula One's commercial supremo has ended, with the sport's new owners Liberty Media replacing the 86-year-old Briton with American Chase Carey. Signalling the end of an era, Liberty said in a statement that it had completed the acquisition of Formula One and appointed Chairman Carey to the additional role of Chief Executive. Ecclestone will become 'Chairman Emeritus', with Liberty saying he would remain "available as a source of advice for the board of F1". Liberty also named two managing directors -- former Ferrari technical director and ex-Mercedes team boss Ross Brawn for motorsports and former ESPN executive Sean Bratches for commercial operations. Both roles had been widely signalled in media reports. "I'm proud of the business that I built over the last 40 years and all that I have achieved with Formula One," Ecclestone said in the statement. "I am sure that Chase will execute his role in a way that will benefit the sport." Liberty Media president and CEO Greg Maffei said Carey, 62, would lead the business from now on and thanked Ecclestone for his "tremendous success" in transforming Formula One into a $1 billion business. "There is...
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