Bernie Ecclestone purchased the Brabham team by $120,000 at the end of 1971, eventually sold it for over US$5 million.
Bernie Ecclestone was a Racing Driver but he never won a race. He drove only a limited number of races, mainly at his local circuit, Brands Hatch, but achieved a number of good placings and an occasional win.
In parallel to his activities as team owner, Ecclestone formed the Formula One Constructors Association (FOCA) in 1974 with Frank Williams, Colin Chapman, Teddy Mayer, Ken Tyrrell, and Max Mosley and with it his future empire.
Bernie Ecclestone was considered an authoritative voice in Formula One racing and is most commonly described in tabloid journalism as