F1 Exhibit - Eddie Jordan talks in-depth with Bernie Ecclestone about F1 finances

[@shingnosis]

I don't expect everyone to understand what's going on here but this really shouldn't have been a TV interview, it's only a TV interview so that Jordan can have this discussion under the guise of a TV interview. Bernie is a hard but honest man who few dare tell the truth, which means he gets isolated and detached. On the other hand Jordan is straight shooter who's looking out for F1 as a whole. This is Jordan trying to help Bernie and F1 as a whole to become better and survive in the long run. Big respect to both men, they're both great in their own way.

[@nicholashansen1477]

I absolutely love this video and discussions like this

[@classicautomobiles7602]

Our mate Wally Warrington bought a little Motorbike from a company called "Pride and Clarke" in. Battersea, and he still has the sales invoice. The salesman was a lovely little fella called "Bernie Eccleston", and yes it was him, and Wally still has the signed sales invoice..

[@Colin_Power]

eddie Jordan is just a legend, a real fan of the sport. He and Jordan GP are sorely sorely missed from F1. You can tell the affection between the 2 men regardless of the hard hitting questions.

[@kenharris5390]

You have to admire Bernie, he sold F1 four times, but he never actually owned it in the first place and it was all legal. He made F1 into what it is today, he could do a deal with a promoter, team or other entities, make them pay a higher price than they wanted to pay and the other entity though they had the better part of the deal.

[@nicholashansen1477]

Here in 2021 there has actually been 170 teams total that have competed in Formula 1 since 1950.

[@golferchin76]

If it's not for Bernie Ecclestone F1 would be a defunct series like others already!

[@TeifiValley123]

How do you know? Bernie does what is best for Bernie. He's manage to sell his own company 3 times, making a profit each time, all the while maintaining control of it. Even I have to admit that it is pretty amazing. What is more amazing is that people still watch such a boring and predictable procession. You can't call it racing.

[@azwris]

@@TeifiValley123 F1 is already defunct because it is not a global sport but a sport for Germans and Brits. So by default F1 has failed.

[@DidierPeroni]

This comment is so true.. people don't give the man the credit he deserves, because of their reservations on who they think he is

[@Yoshiman2024]

@@azwris That's total bs man... So according to your reasoning, the NFL, NBA, MLB, NHL, AFL, PGA, ESL... are all "defunct" since they aren't "global sports"..? What a load of rubbish. The only thing here that has failed was your country's education system.

[@azwris]

@@Yoshiman2024 It's everywhere and that makes the problem even bigger. BS? Well I don't think I'm talking BS. It's just you who can't accept the bitter truth.

[@Grand_Prix_TV]

Its almost 10 years this video was released. Its obvious, Bernie made some good decisions to keep the party going well. What a remarkable character of Formula One.

[@wasifanowar]

7 years ago they were talking about budget cap, something started in 2021 due to covid & all. Bernie was so ahead of time.

[@MarkyFormula1]

Max Mosley was the one pushing for a budget cap in the late 2000s not Bernie.

[@sevesellors2831]

Great man Bernie and so many have come and gone Lotus, Brabham, ligier, Tyrell, Jordan, the list goes on but the greatest and always the same colour Ferrari, too many adverts on the car and the paint has been tampered with, but without them F1? Would lose many spectators. His comment on democracy is so true, always an interesting man.

[@jacobmassey3897]

All the teams you mentioned left the sport because they were being poorly managed in their final few years. Brabham had been divided into shares and no one knew who was doing what. Ligier was run into the ground when Alain Prost virtually forced them to sell to him and then he made poor financial decisions. Tyrrell went bust because Ken refused to change with the times instead choosing to cling to the memories of past glory just like Williams have now done. Jordan was also poorly managed I my opinion during the 2000s and Eddie sold to the wrong people in 2005 who then sold the team again and it just kept changing hands until it became Force India. And Lotus simply ran out of cash because it was being run by people who weren't fully aware of the harsh realities of the financial side of the sport.

[@d23bw]

@@jacobmassey3897 Exactly, history.

[@lukelaw3605]

Bernie Ecclestone always said there's enough billionaires in the world to make a F1 team

[@jacobmassey3897]

Yeah one team 😂

[@McLMP4-22]

And even then, it can’t buy success all the time. Look at Toyota, they spent $4,000,000,000 from 2002-2009 but never achieved a single win.

[@TheSidSlot]

Like the Democracy answer, think about it ! I haven't done that for some time but I'm thinking !

[@lynx7575]

Bernie, no ones like Bernie. He is on top of many business man, the best in the field. Please Bernie back to F1 if you wish. You missed a lot

[@myleschilton3473]

Good old Bernie. If you can’t afford to play, naff off.

[@glovez107]

ej is the man berni anser the question directly and how much have you been paid by ferrari over the years ?

[@crusherbmx]

Which one is sleazier? Can't decide.

[@FEARYOYOYO]

They're both fine men.

[@MAte925]

Bernie was ruthless!😎😃

[@33Hossa18]

He just knows what has to be done.

[@alphamaxDEVIL-15]

he is ruining it with the FIA stoped watching EFF-1 since 2014 thnx bernie and FIA

[@SirRobbins]

Bernie hates the hybrid engines and so did the shareholders. It was downhill from 2014 and they finally caved in 2017 with the sale to Liberty with the FIA not backing down on their environmental crap

[@dbg2644]

don't tab the table or play with your pen while conducting an interview...

[@d23bw]

Bernis performs, as always, perfectly. That's why he got yhe prize. Good man.

[@andremichaud9751]

Were here.

[@supercooled]

Bernie is a money fein but he is right. If teams like Sauber and Force India cannot afford to put forth a competitive outfit then they should pull out. Teams like Jordan were a thing of the past and won't be very common going forward. We will see a lot more exciting racing when teams are allowed to spend. What's the point of having a behemoth like Ferrari or Mercedes racing a team like Lotus who can't even pay their bills for the tyres or hospitality suite. What is the point? These teams should go race in GP2 or lower classes.

[@berendh.1952]

+supercooled Well, that would leave us a empty grid I guess...

[@supercooled]

As it is now, there is only about 6-8 cars racing for the podium finishes. What's the point? Let the teams field more cars. 3 or 4 cars per team would fill the grid nicely.

[@GroundHOG-2010]

6-8 cars racing for podiums? Let's count them... Mercedes, Red Bull, Ferrari are the main ones, but Williams is hanging around, Force India have gotten a podium this year but those could be yes/no depending. That said, Haas is new, they are just trying to get points and get better. Renault is just entering and trying to do the same, Mclaren is starting to turn their ship around, and that leaves Sauber (deep financial problems) and Manor (never been competitive). But really, "What's the point?" if they are not racing for podiums. Apart from the fact that most of them are trying to get a solid base with which to get podiums and be competitive and it's unlikely they would be able to do this in GP2 as that series has no car development or other such things (and some of the teams have GP2 feeder teams anyway).

[@susanwalters8567]

One day F1 will race on a handicap system..... you heard it 1st no?

[@JI7NKJ]

Champions league scenario, a closed shop.

[@JOHNN01.82]

I think Bernie needs to step down , f1 is a mess and is slowly dying if red bull pull out McLaren don't get their act together , lotus bankrupt , it needs to start all over again starting with these engines being thrown out. we could end up with just 6 teams on the grid if shit really hits the fan

[@Yoshiman2024]

And is it better now? Yes, it's not going down hill in terms of business, but it's even more of a mess than it was back in Bernie's "darkest" days. Not a burn to you, but just a follow up on a 6-year old comment.

[@blyat7276]

@@Yoshiman2024 what should be done?

[@FEARYOYOYO]

@@blyat7276 BringBackBernie, BringBackTamburello, GetRidOfHalo and BringBackV10s

[@JT-sr2pl]

massive bunt to the end....

[@amparollopis7435]

❤💯

[@colinmorand129]

The little teams lololol

[@33Hossa18]

Bernie is awesome

[@hawkeye-vv4kb]

How about a team compete with a certain handicap? That could level the playing field a lot.

[@Mpayne1472]

That’s not the point of F1

[@dantefajardo347]

Why do you keep on mentioning those 3 teams. F1 no matter how competitive it is and painful it is to the small teams gets it mojo from that. Nascar is a terrible example of that. I mean if you destroy the nature of F1 by putting a cap on it, or making it affordable, you will have a racing leaque of mario karts and crash bandicoot meaning it would be a joke. Bernie sees that.

[@johnnyfartpants7687]

Get the feeling Bernie doesn’t respect Eddie that much?

[@darkarts59]

Bernie has great hair, Jordan's is a wig.

[@azwris]

Bernie says he doesn't like democracy. Nice. And that's why F1 is so bad today. Thank you Mr. Monarch.

[@Yoshiman2024]

Oh really? Name me ONE racing league that has succeeded as a democracy? "Democracy" was one of the major factors that played into the fall of CART for example. Democracy does NOT work in business since it always relies on moral aspects which are literally the opposite of doing business.

[@azwris]

@@Yoshiman2024 Shame on us if it doesn't work anymore. That's what I have to say..

[@susanwalters8567]

Cut the crap....... the established teams (with the structure of the f1 system) eat up the smaller teams who are just there to "win the lottery" & or fluke results.... That's what Eddie wants to say