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Ecclestone overseeing sale of F1 to US firm Liberty Media
Formula One commercial chief Bernie Ecclestone said Wednesday he is overseeing the sale of the motorsport series to an American media conglomerate. In an interview with The Associated Press, Ecclestone said he will retain his role as F1 enters a new era under the ownership of cable TV group Liberty Media, which is controlled by 75-year-old tycoon John Malone. 'After two or three years I will maybe take it easy a bit,' Ecclestone said. The 85-year-old Ecclestone said 'probably nothing' can hold up the sale of F1, whose biggest shareholder is investment fund CVC Capital Partners, and there is only the 'belt and braces' of the deal to resolve. The impending buyout by Malone who also owns...
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8y ago from F1Pulse.com
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