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 forwardAbu Dhabi Grand Prix: Teams press conferenceCaterham administrator to probe ex-managementVettel is one of 60 new signings at FerrariF1 may be breaching EU competition agreementCaterham thanks F1 world for help with comebackRaikkonen: It will be nice to be with Vettel at FerrariAbu Dhabi agrees multi-year contract extensionFerrari confirm Vettel to replace Alonso 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.