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 forwardWill Marussia also miss the United States GP?Ecclestone plays down Madrid F1 street race reportsKolles admits Caterham may miss Austin deadlineBerger to McLaren reports won’t go awayMcLaren deny more key staff set to leaveBarcelona doubts Madrid F1 race will happenHaas adamant his F1 project will happenCaterham F1 team looks to be on its last legs 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.