Ecclestone predicts that Formula E will make a few quid then collapse
20 February, 2014
Organisers of the new Formula E series can expect to make some quick money and then see the concept collapse, according to Formula 1 supremo Bernie Ecclestone.
Ecclestone, who despite the involvement of several well-known figures, teams and drivers, thinks that the FIA category involving near-silent electric-powered single seaters racing in cities including Los Angeles, Berlin and London is ultimately doomed to fail.
“For [the organisers] it’s a commercial thing,” Ecclestone told Zone One Radio. “One or two of them are going to make a few quid and that will be the end of it,” the 83-year-old Briton told interviewer Matthew Layton at the recent Zoom photographic charity auction.
“I can’t see it ever working. I know how much it costs to put a street race together,” Ecclestone said. (GMM)
Subbed by AJN.