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Ecclestone tips Horner as successor
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Formula One Chief Executive Bernie Ecclestone has identified Red Bull team boss Christian Horner as the man he wants to succeed him when he finally relinquishes his grip on the sport.
Ecclestone, who has built Formula One into a global money spinner over the past four decades, has always dismissed talk of retirement but is now 83 and is facing legal challenges relating to a 2005 business deal.
“Christian would be ideal,” Ecclestone told reporters at the Brazilian Grand Prix in Sao Paulo in comments published in British newspapers yesterday.
“I would be happy to hold his hand. We could have a transitional period. It needs someone who knows the sport.”
Private equity firm CVC, the largest shareholder in Formula One, declined to comment.
CVC co-chairman Donald Mackenzie told London’s High Court this week that Ecclestone would be a hard act to follow.
Referring to the need to line up a potential replacement, given Ecclestone’s age, Mackenzie said, “It won’t be easy. And we’re still thinking of one, trying to find one.”
Mackenzie said that CVC would sack Ecclestone if he was found guilty of wrongdoing in his dealings with a jailed German banker. Settling the issue of a successor to Ecclestone would make it easier to float the business on the stock exchange, an ultimate aim for CVC.
Horner, 40, is a Briton like Ecclestone and the two men get along well. Horner’s team, backed by the Austrian soft drinks firm, has dominated Formula One for the past four seasons through its world champion driver Sebastian Vettel.
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