Liberty Media has named Chase Carey as the new chairman of F1 following its takeover this week, confirming he will work alongside sport CEO Bernie Ecclestone. ESPN looks into the background of the man who could have a vital say in the future of the sport.
A Harvard Business School graduate, Carey started working for Fox in 1988, acquiring various roles including CEO and Chairman of Fox Television Group. During his first stint at the company he pushed hard for Fox to be sports-orientated in the early 1990s, negotiating a $1.6 billion deal for NFL rights in 1993. The deal was instrumental in establishing Fox as a "major player" in sports broadcasting, according to the Wall Street Journal.
After rising to prominence at FOX, he became CEO of DIRECTV in 2003 following News Corporation's purchase of a controlling stake. He continued in the role when Liberty Media took control of DIRECTV in 2006.
In 2009 became President and COO of News Corp and 21st Century Fox, making him media mogul Rupert Murdoch's right-hand man. According to the Financial Times, Murdoch called Carey "my partner and trusted advisor". Carey was tipped to be Murdoch's replacement as CEO.
During this time he showed his toughness in business, allowing two World Series games in 2010 to go to blackout in New York during midnight negotiations with cable companies. Despite risking the wrath of Fox viewers Carey got what he desired from the negotiations on both occasions.
Murdoch eventually handed the CEO role to son James, meaning Carey stepped down to aid with the transition. Carey became advisor and executive vice-chairman to 21st Century Fox in July 2015.
His elegant, twirled moustache is not just for show, either -- Carey survived a car accident when he was a university student, one which threw him through the windshield. The moustache is, according to the Financial Times, to conceal a scar from the accident.