F1: Ferrari’s Racing Guru Ross Brawn Returns to the Sport

F1: Ferrari’s Racing Guru Ross Brawn Returns to the Sport

F1: Ferrari’s Racing Guru Ross Brawn Returns to the Sport

$RACE, $LMCA

Ross Brawn,61 anni, a former F1 major player in the modern era, is coming back to the sport, but his role remains uncertain for now.

He is officially helping the sport’s future owner, Liberty Media (NASDAQ:LMCA) as a consultant.

Wednesday he said, “Liberty have not got far enough down the road to make any commitments yet. I’m doing a little consulting to help them better understand F1, but that’s all.”

Mr. Brawn was technical director of the championship-winning teams Benetton and Ferrari. He then became the owner of the Brawn GP Team that won the championship with Jenson Button in Y 2009. But after doing much of the work to build up the current MercedesAMG team he walked away from the sport at the end of the Y 2013 season.

Bernie Ecclestone,84 anni, the F1 CEO, has described the idea that Mr. Brawn might replace him as “a load of bollocks”. But Mr. Ecclestone feels that Mr. Brawn could do a job for the sport’s governing body, the FIA.

He said, “I’d be delighted if he went to the FIA – he would be absolutely 1st Class. I have not spoken to him for quite a long time. I haven’t got the slightest idea what he could do. But nothing with us.

“We do not need an engineer. If anyone is going to be put in that position (CEO) then I would be the person that would be doing it.”

Mr. Brawn could certainly do an impressive job with the FIA, and his experience would make him a difficult man for any team to dupe when it comes to getting round the rules. But a job with Liberty Media is more plausible.

The media company will be taking over F1 next year, with big ideas for the future. Ross Brawn would be ideally placed to show the new Chairman, Chase Carey, the way around the world’s most iconic motor sport.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 50.5 3 November 2016 -0.81 50.97 51.34 50.46 352,600
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.15) Neutral (-0.05) Neutral (0.08) Bullish (0.42)
Symbol Last Trade Date Change Open High Low Volume
NASDAQ:LMCA 27.03 3 November 2016 -0.21 27.18 27.74 26.95 139,100
HeffX-LTN Analysis for LMCA: Overall Short Intermediate Long
Neutral (0.07) Neutral (-0.20) Neutral (0.06) Bullish (0.33)

Stay tuned…

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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