FIRST AIRED: January 24, 2017

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COMING UP:Share Opener Variant 1

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Transcript

00:00:01
>> Bernie Ecclestone used to joke that retirement would come on the day of his funeral.>> I'm confident the sun is shining.>> Instead, it was an American businessman ushering him to the door. Formula One's new US-based owner, Liberty Media, completing its takeover of the sport's commercial rights on Monday.
00:00:18
And with it ending Ecclestone's 40 years at the helm. The 86 year old replaced his chief executive by Chase Carey, who will oversee a new management team. Ecclestone, handed the newly created title of Chairman Emeritus, recognizing his contribution to the sport but removing him from its day to day running.
00:00:38
>>
APPLAUSE
>> More famous than many of the drivers who have come and gone, what he'll be most remembered for is transforming a once disjointed sport into a $1 billion enterprise.