Ecclestone predicts that Formula E will make a few quid then collapse 20 February, 2014 Organisers of the new Formula E series can expect to make some quick money and then see the concept collapse, according to Formula 1 supremo Bernie Ecclestone. Ecclestone, who despite the involvement of several well-known figures, teams and drivers, thinks that the FIA category involving near-silent electric-powered single seaters racing in cities including Los Angeles, Berlin and London is ultimately doomed to fail. “For [the organisers] it’s a commercial thing,” Ecclestone told Zone One Radio. “One or two of them are going to make a few quid and that will be the end of it,” the 83-year-old Briton told interviewer Matthew Layton at the recent Zoom photographic charity auction. “I can’t see it ever working. I know how much it costs to put a street race together,” Ecclestone said. (GMM) Subbed by AJN. Tweet Related NewsIs Formula E a serious threat to Formula 1?Ecclestone suggests a super GP2 might be the way forward2014 showed the good, the bad and the ugly of Formula 1German bank sues Ecclestone for €345 millionEcclestone keen to revive South African GPFormula 1 set for another engine revolution in 2016CVC backs Ecclestone and appoints Montezemolo to F1 boardLopez: We opened the door to FernandoHamashima leavesas Ferrari continue to wield the axeWolff: Prost gave very precise advice on handling Lewis and Nico Dr. Azlan Formula E will replace F1. All they need to do is to bring in all the auto players such as Toyota, Honda, BMW, Fiat etc. Paul A typical BE response. He thinks nobody else can run a formula event. I am sure that many probably said the same about him when he set up the commercial rights for F1.