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 forwardHamilton to ditch Fuller and handle own affairsAndretti advises Vettel to take Newey to FerrariTost wants Vergne not Sainz for Toro Rosso in 2015Susie Wolff to extend Williams deal beyond 2014Kobayashi in Austin to keep F1 dream aliveUnited States Grand Prix teams press conferenceF1 teams play down talk of another US GP boycottF1 advised to use Hollywood to boost brand 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.