The sale of Formula One to Liberty Media has been agreed in a takeover which values the sport at $8bn.
A media mogul nicknamed “Darth Vader” is close to taking control of Formula One in a deal that will net billions of pounds for the private equity firm that controls the sport.
Bernie Ecclestone’s control of Formula One, which has endured for 40 years, appears to be at an end, with speculation mounting that the sport is close to a takeover by Liberty Media.
Bernie Ecclestone, Formula One’s chief executive, and the senior drivers’ representative, Sebastian Vettel, found themselves in conflict on Thursday as the sport rejected the introduction of the halo head protection device next season.
Bernie Ecclestone has said he believes that Vladimir Putin should be put in charge of Europe, Donald Trump would make an excellent US president and immigration has brought no benefits whatsoever to the UK.
Bernie Ecclestone has dismissed the increasingly militant stance taken by Formula One’s drivers, insisting they are only repeating what the teams have told them to say about the way in which the sport is run.
Lewis Hamilton wants to see drivers consulted more over rule changes in Formula One after being unimpressed by the reshaping of the sport this week.