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End of the road for Ecclestone as Liberty complete F1 takeover Bernie Ecclestone's four-decade reign as the ruler of Formula One is over after American company Liberty Media completed its £6 billion purchase of the sport. Chase Carey, who was already installed as the sport's chairman, replaces Ecclestone as chief executive officer. Ecclestone, 86, has been handed the role of chairman emeritus, and will be available as a source to the new board, but he will no longer be involved in the day-to-day running of Formula One for the first time since the 1970s. . "I'm proud of the business that I built over the last 40 years and all that I have achieved with Formula One, and would like to thank all of the promoters, teams, sponsors and television companies that I have worked with," Ecclestone said. "I'm very pleased that the business has been acquired by Liberty and that it intends to invest in the future of F1. I am sure that Chase will execute his role in a way that will benefit the sport." Earlier in quotes carried by German publication Auto, Motor and Sport, Ecclestone appeared to suggest he had been forced out by the new owners. He said: "I was deposed today. This is official, I do not run the company any more. My position has been taken by Chase Carey. "My new position is one of those American terms -- it's something like an honorary president. I have this title now, even though I don't know what it means." He added: "My days in the office will be getting quieter now. Maybe I will attend a grand prix sometime in the future. I still have many friends in Formula One and I still have enough money to afford to attend a race." Ecclestone, who turns 87 in October, has ruled Formula One for 40 years. But American company Liberty has now put their own team in place after clearing the final hurdle of their purchase. American Carey, the 21st Century Fox vice chairman, was installed as the new Formula One chairman when Liberty agreed to take control from private equity firm CVC Capital Partners last September. Speaking to the Press Association last week, Ecclestone said of his future: "We will have to see how we set the company up. "It is not a case of my terms, it is a case of let's have a look and see which way they would like to go. "It is something that would have happened anyway. We need to put something together if I am not here because I have become deceased or something and it is about time we did that. "We were in the middle [of that] and when we knew these people were probably going to buy we backed off and thought 'let's wait because they own the company and it is up to them to decide who or what they want'." When Liberty bought an 18.7 percent stake from CVC in September, Ecclestone said the prospective new owners wanted him to stay on as chief executive for three years. "That is what they asked for," Ecclestone added. "In fact we are going to try to put together people that can look after all the things I have been trying to find people to do, which is the sponsorship and things like that. "As I said, let's see how we are going to operate." Liberty, run by 75-year-old American John Malone -- given the nickname Darth Vadar for his hard-line approach -- is keen to expand Formula One in the United States, improve the sport's reach on social media, while safeguarding the future of its traditional venues. Liberty's portfolio includes Virgin Media and baseball's Atlanta Braves. It also holds a large share of the Discovery Communications group. On Wednesday last week, a meeting of the World Motor Sport Council, which includes FIA president Jean Todt and Ecclestone, agreed to Liberty's purchase of Formula One, 24 hours after the company's shareholders gave the green light to press on with the deal. "They [the FIA] didn't have any choice," Ecclestone added. "They had no way they could not approve, unless the people that were going to come in were bandits. "The only reason we had the meeting is because we wanted changes to the FOM [Formula One Management] contract -- little changes -- and they were all approved. No dramas. "I think that [the deal] should happen within the next three or four weeks." Asked if he expected Liberty to be the sport's new owners in time for the start of the season in Melbourne on March 26, Ecclestone added: "Yes. Absolutely. One hundred percent."
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Ross Brawn returns to F1 in new management role Former Mercedes team principal Ross Brawn will return to Formula One in a key role with the sport's new owners. On Monday, Liberty Media confirmed it had completed the purchase of Formula One and replaced CEO Bernie Ecclestone with its own chairman Chase Carey. In a separate announcement, Brawn was named as managing director, motor sports and former ESPN executive Sean Bratches was named as managing director, commercial operations. Brawn's experience as one of the sport's most successful technical directors and the main architect behind Mercedes' recent domination of the sport means he is ideally suited to a role overseeing the future direction of F1. "It's fantastic to be returning to the world of Formula One," Brawn said. "I've enjoyed consulting with Liberty Media these last few months and I'm looking forward to working with Chase, Sean and the rest of the Formula 1 Team to help the evolution of the sport. We have an almost unprecedented opportunity to work together with the teams and promoters for a better F1 for them and, most importantly, for the fans." "I am delighted to welcome Ross back to Formula One," Carey added. "In his 40 years in the sport, he's brought his magic touch to every team with which he has worked, has almost unparalleled technical knowledge, experience and relationships, and I have already benefitted greatly from his advice and expertise." Liberty has made no secret of its plans to promote the sport in the U.S.A. as well as increase its digital presence worldwide. Bratches is expected to draw on his experience as the executive vice president of sales and marketing at ESPN to achieve those goals. "I'm very excited to be joining Formula One and contribute to the continued growth of this extraordinary global brand and sport," he said. "Formula One is one of few truly global tier one sports, and I am encouraged by the manifold opportunities to materially grow the business, work closely with current and future sponsors, race circuits, television rights holders as well as create next generation digital and on-site race experiences to best serve the Formula One fans." Carey added: "I am thrilled Sean is joining Formula One. Sean was a driving force in building ESPN into one of the world's leading sports franchises. His expertise and experience in sales, marketing, digital media, and distribution will be invaluable as we grow Formula One. "I look forward to working with Ross and Sean, as well as key current executives including Duncan Llowarch, our CFO, and Sacha Woodward Hill, our General Counsel, the FIA, Bernie and Liberty as we work together to make Formula One the best it can be for the teams, promoters and fans for years to come."
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Same here Paul - gardnerpag44
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Great trade with McLorange - thanks Frank.
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Corvette C7R (Daytona winner)
afx replied to ismaelg's topic in WIP: Other Racing: Road Racing, Land Speed Racers
Been there. I am an obsessive test fitter but some times issue like this bite you. -
Nice trade with Kennyboy.
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HRM's new GT40 Halibrands. Don't have examples of the knock off yet to show.
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At 400 pages its quite a bit bigger.
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Here is the latest addition to my reference library. Paid $29 including shipping or about the same as a new kit. I am a big proponent of reference material. It helps me get more enjoyment out of the kits I already own instead of buying another kit that I may never even build.
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Nico Rosberg: There's more to life than driving in circles Nico Rosberg has given some insight into what he will do in the future after admitting "life has more to offer than driving around in circles". Rosberg retired as reigning world champion at the end of last year, deciding against defending his title in 2017. Speaking about the decision on stage at the World Economic Forum in Davos, he said he was looking forward to the freedom his retirement would offer. "First of all, to do sport at the highest level it is really 110 percent focus that is required and there is no room for any compromise whatsoever, at least that's the way I went about it. Everything else is secondary and so far behind and that's even family -- I have a one and half year old daughter now -- it's friends and any exciting and fun projects, everything is way, way behind [in your priorities]. "So there's a time for everything and I find that life has more to offer than driving around in circles and it just felt like the right moment. I want to go for new challenges. Of course there is the matter of having more time for family, more time for friends and being in control of my whole life as well. Since I was a 10 year old the whole season is planned by other people, telling you where you need to be and especially in F1 -- its really, really intense. And now I have this complete freedom." Rosberg will continue as an ambassador with Mercedes, but also hinted at some of the charitable work he would like to become involved in. "One of the avenues that I want to go down is to give something back. Find something that really touches my heart, so I'm going to go exploring different avenues. I'm going to go to Germany and visit children who are really quite ill, especially of the age of children who are really happy to see me and give them a great time. "Renewable energy could be quite interesting, there are so many things and opportunities - electric car for example, I had a Tesla as a taxi the other day in Switzerland so it's quite impressive we have come that far." Rosberg also revealed how his study of philosophy had given him extra strength while fighting for the title. "It's the same for actors, for singer, even for politicians. I think it's a challenge because you get put up on a pedestal by so many people around the world when you're doing good things in your environment and it can sometimes be a bit difficult to cope with that. I think that's why we see so many singers and actors, especially, losing the plot and going a bit off the rails. "But I think every person has to go about it in his own way, and I have definitely struggled with that at times but managed to find my way with it. I've studied philosophy for ten years and that has been a huge benefit because every little issue, suffering or doubt you have, there has been someone in the past who has had exactly that same thing -- and there's been a genius in the past who has had exactly that same thing and has been able to write it down to make it really understandable. "So you learn [to understand] why am I jealous, why am I now angry, why do I have fear, why am I scared, why am I nervous. You really lean to understand all of that. You can't switch off all those emotions, that's impossible, but you can change the way you act once you get them. Because if you understand why you have it you can change your action and your reaction afterwards, and that can have a huge snowball effect as a person in your life."
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A mock-up for inspiration.
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He is active on the Automotive Forum. His ID is lovegt40. I have conversed with him on that forum. You may want to try contacting him there. Here is his build thread for the Dino. http://www.automotiveforums.com/vbulletin/showthread.php?t=1011876
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Freighliner Cabover Tractor
afx replied to mr46ford's topic in Model Trucks: Big Rigs and Heavy Equipment
Excellent. -
What's your favorite taillight red and orange paints
afx replied to 64SS350's topic in Model Building Questions and Answers
I use colored Sharpies often. Here are some examples. -
Turned out great.
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Replicas & Miniatures Co. Of Maryland
afx replied to Tye Brown's topic in Links to Aftermarket Suppliers
HRM did the Rudge Wheels. Since both owners are friends R&M sometimes sells HRM products. -
The Ford BDA engine in the RS1800 had a unique oil pump thus the diagram is not universal. It just happened to be one that I was familiar with and had handy in my photo files.
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For reference here is a schematic of a typical racing system, an Escort RS1800 in this particular case.
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If you are only using remote filter it is pretty simple. If you get into a dry sump system (the oil stored in a separate tank from the engine) it gets more complicated. Add in an oil cooler (a small radiator the oil passes thorough to cool it) it gets even more complicated.
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Very nice Nick.
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Welcome Rich. I'm a Shelby fan myself but tilt more towards the Cobra than the Mustangs. Look forward to following your DeAgostini build. JC
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Tire vs tyre.