The new facets of the Sport Industry through the exceptional background and vision of Alejandro Agag, CEO of Formula E Holdings
Alejandro Agag is CEO of Formula E Holdings – a new FIA backed global motor racing Championship using cars powered solely by electricity, launched in September 2014.
Born in Madrid in 1970, Agag started his career in politics. At 23, he was named Deputy Secretary General of the European People’s Party. At 25, he became the Spanish Prime Minister’s personal assistant. By 28, he was the youngest Spaniard to ever win a seat in the European Parliament. After a decade in politics Agag moved to sports. In 2002, together with Flavio Briatore (then Renault F1Team Principal) they purchased the Formula One TV rights in Spain for six years. In 2007, Agag acquired Campos Racing GP2 Team. He renamed it Addax, signed Qatari sponsor Barwa and catapulted it from last in the standings to victory in the 2008 GP2 Series.
In 2007, Agag joined investors Bernie Ecclestone, the Mittal family and Flavio Briatore to acquire Queens Park Rangers. Within four years they took the football club from the bottom of the Championship back to the English Premier League. Agag was Chairman of the Club then Managing Director during the takeover.
In 2012, Agag created Formula E Holdings Ltd. The company signed an agreement with the FIA to exclusively promote the new FIA Formula E Championship. The clean energy series debuted in 2014 and is held in the heart of global cities.
Agag sees the research and development of electric racing cars as a catalyst for the development of tomorrow’s clean city cars.
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