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F1 hurt by previous short-term focus – Carey
Formula 1 CEO Chase Carey says overhauling the sport’s approach and shifting to a long-term focus is likely to cause short-term pain while he placed a dig at former head Bernie Ecclestone’s approach. Almost every F1 team is set to be hit with a dip in prize money next season as new owners Liberty Media look to invest in research and marketing to improve the sport as it installs its new ideas – starting with its successful F1 Live demo at Trafalgar Square and its new logo which was revealed during the podium ceremony at the Abu Dhabi Grand Prix. Carey says Liberty’s initial changes have been met by a positive reaction from the teams but accepts some disruption as it invests in...
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