Lib­erty Me­dia take over For­mula One

The Star Early Edition - - SPORT -

FOR­MULA One boss Bernie Ec­cle­stone could leave his po­si­tion this week as Lib­erty Me­dia pre­pare to com­plete their takeover of the sport, Bri­tish me­dia re­ported yes­ter­day. Ec­cle­stone, 86, has led the elite mo­tor­sport for 40 years but Lib­erty has al­ready ap­pointed Chase Carey as F1 chair­man and it is re­port­edly on the verge of cre­at­ing an­other ex­ec­u­tive po­si­tion to han­dle mar­ket­ing and spon­sor­ship. That would ef­fec­tively rob Ec­cle­stone of his power within F1 even if he re­mained in an adapted role. Last week Lib­erty gained ap­proval of its share­hold­ers and the sport’s FIA gov­ern­ing body for the takeover and only for­mal­i­ties are left be­fore con­clud­ing the deal.

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