LONDON, England - Formula 1 chief executive Bernie Eccelstone believes the organisers of the new Formula E series expect to make some quick money and then see the concept collapse.Despite the involvement of several well-known figures, teams and drivers, he thinks the International Automobile Federation's category involving near-silent battery-powered single-seaters is doomed.'IT'S A COMMERCIAL THING'The cars will be racing in cities such as Los Angeles, Berlin and London.Ecclestone, 83, told interviewer Matthew Layton: "For them (the organisers) it's a commercial thing. One or two of them are going to make a few quid (pounds) and that will be the end of it."I can't see it ever working. I know how much it costs to put a street race together."