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Ecclestone uncertain of Liberty Media closing F1 deal
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Bernie Ecclestone says he cannot guarantee that Liberty Media will succeed in closing its deal to purchase Formula 1 in the coming months. The American media company which committed to buying a controlling stake in Formula 1 from CVC Capital is scheduled to complete the deal early next year. It recently initiated its involvement by acquiring a 10 percent interest in the business and is currently seeking a funding mechanism to complete its buy-out process. While he could not ensure that Liberty would fulfill its obligations on a deal valued at approximately $4.4 billion, Ecclestone said he would be surprised if it didn't happen. "I’ve never counted their...
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