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Chase Carey planning to run F1 differently following Bernie Ecclestone's exit

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Formula One's CEO Chase Carey says the sport's decision-making process needs to be improved under its new ownership.

Carey took over F1's top job from Bernie Ecclestone on Monday once Liberty Media had completed its $8 billion takeover of the sport. The new owners are hoping to unlock new potential revenues within F1 and Carey believes that can only be achieved by abandoning Ecclestone's authoritarian style of leadership.

"Bernie is a one-man team -- it was not right in today's world," he told BBC Sport. "The decision-making is not as effective as it needs to be. Clearly it has to be improved."

Under Ecclestone, Formula One ended up with a complicated structure of governance in which five of the existing teams are given permanent roles on the sport's controversial Strategy Group, while the other six vie for a single seat. Combined with an unequal split of the sport's revenues -- which is heavily skewed towards the top few teams -- self-interest, in the absence of a clear long-term vision, has often dictated short-term thinking.

The deals that underpin F1's current governance run until 2020, meaning any change is unlikely to come overnight. However, Carey -- along with Ross Brawn working on the sporting side and Sean Bratches on the commercial side -- is keen for F1's other stakeholders to share in their long-term goals for the sport.

"I don't know whether the decision-making is not what it should be because there is too much history amongst the players," he said. "One of the benefits we bring is a fresh start.

"We don't have an agenda other than to make the sport great for its fans and that gives us an opportunity to look at how do we create more of a partnership -- everybody has a shared vision of where we want got go and we can align that vision and have everybody trying to move in the same direction."

Carey stopped short of saying exactly how he would untangle F1's web of internal politics, instead focusing on the need to grow the sport as a whole to deliver a more stable platform for all stakeholders.

"We'd like owning a team to be good business, running a track to be good business and F1 is a good business, and together we are all figuring out how to share in making the whole business stronger," Carey said. "But dealing with revenue is complicated."